An estimated 18 million Americans are invested in cryptocurrency, according to the Federal Reserve. And the United States just elected a pro-crypto president.
Cryptocurrencies such as Bitcoin have become a trendy digital asset. Supporters claim that crypto subverts capitalism because it bypasses traditional bankers.
Crypto can offer quick riches along with an air of high-tech sophistication. Early adopters reaped enormous rewards, many becoming millionaires and billionaires.
Currently, there are about 100,000 crypto millionaires. Cryptocurrency wealth, furthermore, has built Fairshake, the largest political lobbying group in the U.S.