These are hard times for cryptocurrency projects and ICOs. Prices are falling, and the internet giants are limiting crypto-related traffic and advertising in an attempt to protect consumers.
These are not hard times for crypto.
These are hard times for fiat fractional reserve currencies.
The internet giants are owned by the same people who own the printing presses. Their actions are damage control to maintain their power.
What is happening in the crypto space is exactly what the money powers want to be happening: confusion, anger, fear, and capitulation; keeps the masses from recognizing the new paradigm shift that is looming.
They pull this crap and say they are protecting people from it, because that's what the idiot portion of the population wants to hear. The only thing these evil creatures are protecting is their power base and tax donkeys.
In essence, it can be said that governments, central banks, and the wealthy are protecting the status quo. They've gone so far as to pass laws making it 'official' (lol). But what they really are doing is building a fence around crypto and blackwashing it at the same time.
This current mess will continue until there is a major dollar crises, one they can't paper over. And believe me, it's coming. Whether it's 1 year, 5, 10, or 20, it's only a matter of time.
The big 2008 crash was literally the warmup. They are currently engineering a crash very few people will recover from. Sounds familiar right. Our government talking out of one side of it's mouth saying it's protecting people, while at the same time engineering the greatest crash in modern history that will literally kill millions and financially wipe out billions.
Hold tight, folks.
I would argue if you don't own crypto by that point, you will be in a pot of hot water for sure.
