And Enron was the Enron moment of what industry exactly? These comparisons make for good clickbait, but in reality they're meaningless. The truth is, these so

And Enron was the Enron moment of what industry exactly? These comparisons make for good clickbait, but in reality they're meaningless. The truth is, these sorts of things happen in cryptocurrency every bear market, and in more mature markets as well but just to a less extreme degree. The only reason it feels huge in cryptocurrency is because the news has been covering it non stop, celebrities were endorsing things and commercials were on TV. In reality the magnitude of this collapse, logarithmically, is smaller than all previous bitcoin and related market collapses. In absolute terms it's big, and it is a big deal just like any financial happenings are a big deal, but itst being made bigger than it is because there's money to be made manipulating emotions.