I think it's already pretty clear that crypto doesn't need bailouts. The total cryptocurrency market size is at 1/4th of what it was at the beginning of the ye

I think it's already pretty clear that crypto doesn't need bailouts. The total cryptocurrency market size is at 1/4th of what it was at the beginning of the year, and there haven't been any significant results because of that. I would wager that the remaining 1/4th could be wiped out and it's still pretty much the same. Crypto projects were always very removed from the real world, both in valuation and usage (so if crypto vanishes it doesn't impact other companies). The biggest result of the crypto market correcting will probably be software engineer salaries becoming a bit lower again (outside of SF).