Hodlers pounded

Monday, 24 January 2022

I love the smell of burning Hodlers in the morning, FTAlphaville with the note:

It’s not been a great start to the year for HODLers. If governments (other than El Salvador’s) have their way, it could get a lot worse.

This week Russia, a massive centre for mining, proposed a clampdown on that and on trading. A vice-president of the European Securities and Markets Authority wants to outlaw some forms of crypto mining in the EU. Earlier this month, Madrid called time on dodgy adverts, while the UK plans on doing the same thing.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.