The Los Angeles wildfire is out of control! Is the market value of cryptocurrencies also starting to burn?
A large-scale wildfire broke out in Los Angeles and has been burning for three consecutive days from the 7th to now. On the evening of the 9th, it was declared that the fire was completely out of control.
Trump blasted the governor of California and demanded his resignation because the mayor of Los Angeles cut fire department funding by $17.6 million, leaving the fire department without sufficient capacity and resources to respond.
Even more unfortunate was that Los Angeles was hit by the "devil's wind" at almost the same time. A force 12 gale was announced on the 8th. The wind helped the fire and the fire was completely out of control! CNBC estimated based on data from private weather forecasting agencies that the initial property losses caused by the wildfires will reach US$52 billion to US$57 billion.
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