Greg Ip claims in a WSJ article that
Crypto Meltdown Exposes Hollowness of Its Libertarian Promise
Like many libertarian critics he sets up a strawman and then argues against it.
There has never been a libertarian case that claims that crypto as an asset class has a specific monetary value versus other assets. Value is subjective and can change quickly. The more knowledge and experience people have with the volatility of bitcoin and other products, the more stable it will become. So called consumer protection only creates government agencies and bigger budgets. Let’s stop trying to keep people from making what some would consider poor choices.