Ben McKenzie

That's just a psychological trick trying to give you FOMO, right?

Trying to make you wish that you had bought in early.

Right, exactly.

Yes, exactly.

I think the consequences are a lot.

It's not only all the people that have lost money, which is tens of millions of people.

A lot of them lost money they were just gambling with and they're fine.

But some people lost everything, right?

I mean, I talked to people in Celsius who were definitely affected materially by that loss.

You know, I'm a dad and he feels like he let her down.

I'm like, ugh.

But it's not just that.

Now, because it's come back in such a big way,

And it's integrating itself into our banking system to a certain degree.

Yes.

My worry is what if there's another downturn and people try to sell off this crypto?

They can't.

There's too many sellers and not enough buyers.

And it crashes and it also infects the banking system, which it almost did in 2023, just months after I testified to the Senate.

And I'm telling them, like, if we get this into our banks, it's going to be bad.