A tsunami is hitting the crypto world.
The recipe for this disaster was: greed + lack of humility/arrogance + no regulation + almost free access to credit
Reality hit heavily leveraged companies offering unrealistically high returns to misinformed customers.
The reality check was accelerated by inflation and the predictability of increased interest rates that basically shut down money printing and made investors more cautious, bringing down the ponzi like scheme.
The inherent value of the blockchain remains unchanged, but the hype balloon exploded.
This technology will be relevant eventually and a safer investment when it becomes useful to consumers, like internet did when it entered our homes and that of everyone we know, in the space of a few years.
This is just my opinion, I consider that these issues are really too complex for me to understand. I could be far from the truth. I am interested in the conversation, in the process of trying to understand our world.
Martin Pham Dinh 