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Robert Reich today posting:

"I want to repeat a warnings I issued a few weeks ago about both AI and crypto.

The question I asked was: What happens when huge amounts of money pour into a poorly understood and unregulated industry that promises spectacular profits for a few winners?

Answer: Many investors lose their shirts while the lucky ones make fortunes. At worst, the bubble bursts and takes the entire economy down with it. "

We have seen this such scenarios before.