I mean, first of all, politicians are not investment advisors and their words should not be taken as investment advice. But what does this “real economy” mean? Is a government bond part of the real economy, if that money is going to pay off government spending during, say, Covid? Is it? Is investing in Coca-Cola or Raytheon investing in the real economy? Or are we really just investing in sugary drinks and rockets that do far more harm to children than Ethereum? Did mortgage-backed securities, pumped up by a cocktail of explicit and implicit government guarantees and regulatory subsidies, support the “real economy” in the early 2000s? Isn’t a real “real economy” one that supports individuals and families to live the lives they want, and doesn’t crypto do that very well?
