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> exactly the force needed to distribute crypto more widely into more hands Yes, but not "crypto." Bitcoin. The entire crash was due to VCs and hedge funds ove
by rglover 4y ago
> exactly the force needed to distribute crypto more widely into more hands
Yes, but not "crypto." Bitcoin. The entire crash was due to VCs and hedge funds overleveraging into shitcoins [1]. It started with Luna and that created a domino effect for the rest of it. Sprinkle on the panic typical to all markets and kablamo.
In essence, that's good (albeit painful to some degree) because it's a truly free market. Bad players got washed out and there's more to come as far as I can tell. Fairly excited as, like you suggest, it means people have a chance to acquire more Bitcoin while they still can.
[1] https://twitter.com/DylanLeClair_/status/1524377921338724354 https://twitter.com/DylanLeClair_/status/1524377921338724354