[h2odragon]

There are people "in crypto" who believe the FDIC will make good any losses on their investments; which they hold because "crypto can't be controlled or monitored by governments!"

I'm expecting the talking heads to have to spend time on "why there won't be a bitcoin bailout" today or tomorrow.

[xur17]

> There are people "in crypto" who believe the FDIC will make good any losses on their investments

Do you have a source for this? I'm heavily involved "in crypto", and have not seen any indications of beliefs like this.

[h2odragon]

Source: A couple of conversations with people in real life. If circumstances had been different these people would've been pushing Amway or similar.

[lupire]

Cryptocurrency is Amway for boys.

[teedeepee]

On r/gemini (named after the NYC-based exchange), it's a misconception that I see (and occasionally dispel) very frequently.