Getting too close to the sun?_其他_趣味英语-查字典英语网

Getting too close to the sun?

Having led the Trump campaign in its final months, and kept faith in the candidate when others were ready desert him, Bannon seemed an all-powerful consigliere. Soon he was adorning magazine covers and there were whispers of “President Bannon”. He had, it transpired, flown too close to the sun; he was ousted from the National Security Council and marginalised. By August, having lost a power struggle with Trump’s daughter Ivanka and son-in-law Jared Kushner, he was out.

- How Bannon turned on Trump … and where the nationalist right goes next, TheGuardian.com, January 13, 2018.

3. It was inevitable, as prices of bitcoin and other cryptocurrencies rose too fast.

Like Icarus, the optimists and true believers got too close to the sun. The rate of gains exceeded even the Dutch Tulip Mania of the 17th century. With wings scorched, bitcoin prices fell more than 50% from their mid-December highs, hitting a low near $9,200 on Coindesk on Wednesday morning in the worst pullback since 2017, before rebounding above $10,000. Others have suffered worse: Ripple dropped 72%.

The Winklevoss twins are no longer billionaires, with each losing about $443 million in wealth over the past month. Others are figuring out that maybe it wasn’t such a good idea to buy bitcoins with credit cards, a practice that became popular enough that Capital One blocked such behavior by its users.

The reasons for the pullback are well known: Lingering fears of a regulatory crackdown in South Korea, one of bitcoin’s hottest markets, where officials are threatening to close crypto exchanges after limiting their options in an effort to combat money laundering and concerns about over speculation.