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3 Less Obvious Reasons Why You Should Own More Bitcoin Than Ethereum Going Into 2023
Many forecasters incorrectly guessed that Ethereum would flip Bitcoin in 2022. While Ethereum has held up comparatively well to Bitcoin during the bear, here's why it may have a bumpy road in early 2023.
In January 2023, California fast food workers at chains with over 100 restaurants will begin earning $22 per hour. Based on a 40-hour work week, full-time burger flippers will earn $45,760 per year. Separately, California sent checks of up to $1,050 per family in 2022 as an "inflation relief payment."
Legislation like this makes me shake my head and wonder how government can be so inefficient. The new law for fast food workers will lead to reduced work hours for existing employees, fewer job positions, and fewer chain restaurants in the state. As a result, prices will go up, and customer service will go down.
Fighting inflation by sending stimulus checks is like spanking your son for hitting his sister. Instead of fixing the problem, you are exacerbating the behavior.
But misguided theories don't only exist on the governmental level. In the crypto world, people argued that Ethereum's market…
