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Institutional investors are ashes now (look at GBTC, trading 30% below BTC price). This is not the first time it happened in tech, market or history. Bubbles an

• dmix 4y ago
  Market corrections are often a good thing. It'd be good for crypto to realign with the actual value it provides so capital centers on things that actually provide value! That's the only way it will grow. Betting on investors risk tolerance for cryptos success is a losers game long-term. At least from a technologist perspective. From a finance perspective there's plenty of money to be made if you aren't left holding the cards.
  • rwmj 4y ago
    > It'd be good for crypto to realign with the actual value it provides It earns nothing so that's near zero. (Not quite zero because apparently you can use it to buy drugs or avoid export controls)
    • csomar 4y ago
      The drug market is estimated at 2 Trillions. I don't know, though, about export controls. That being said, I think the level that crypto is being used for money laundering or drugs is really minimal.