The Megyn Kelly Show Disney's Decline, and Alarming Crypto and Stock Drops, with Chris Rufo, Eric Bolling, and Bethany Mandel | Ep. 320
May 12, 2022
Chris Rufo, a journalist known for exposing critical race theory, joins Eric Bolling, a financial expert, and Bethany Mandel, a cultural commentator. They dig into Disney's decline amid backlash against its 'woke' activism and how it has sparked political action. The discussion turns to the tumultuous crypto market, exploring the risks and uncertainty surrounding investments. They also tackle the alarming baby formula shortage and its impact on families, questioning government responses and highlighting the pervasive challenges of inflation.
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Crypto Investing
- Cryptocurrencies are volatile, especially in their early stages, similar to young children.
- Don't panic sell during market downturns, but consider it a buying opportunity if you're a long-term investor.
Tech Stock and Crypto Correlation
- Tech stocks, like Amazon and Tesla, have experienced significant losses, impacting the stock market.
- This downturn influences the cryptocurrency market, raising concerns about Elon Musk's Twitter deal.
Coinbase Bankruptcy Scare
- Coinbase, a major cryptocurrency exchange, disclosed bankruptcy risks, causing panic selling.
- Despite the panic, Eric Bolling advises holding onto crypto investments and views the situation as a buying opportunity.