Yes, Crypto is a long term problem for the entire world. But I am not worried unduly about it because China will never ever join the bandwagon. India won't either (there is some confusion in India due to the Supreme Court order, but the government has no interest and neither does the RBI) .

With both of them sitting outside, we can always pull the rug from under crypto.

It is a fixable problem. But Trump is going to make it as large as he possibly can for all of us.