Crypto is in a bad state right now.
LUNA’s implosion early this year was a massive blow to the crypto space, destroying any semblance of reputation crypto had.
Then, FTX collapsed.
This further damaged the credibility of cryptocurrencies. Institutional interests waned, and investors turned away.
What is more upsetting is that an investigation following up on FTX’s collapse revealed a massive loophole in the crypto space.
Sam Bankman-Fried has been running an enormous Ponzi scheme and managed to fool everyone, even top institutions like Temasek. Billions
But I won’t be talking about that. Coffeezilla, Wall Street Millenial, and ColdFusion have already made great videos on the topic.
I fear the future of Cryptocurrencies
Bitcoin was invented as a response to the 2008…
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