If they think that is bad, wait to see what 2023 brings. When the recession fully hits (and it will), a significant number of smaller FOMO investors will look t

If they think that is bad, wait to see what 2023 brings. When the recession fully hits (and it will), a significant number of smaller FOMO investors will look to withdraw in favour of traditional liquid to cover basic bills (rent, utilities, food, travel, etc). The slow bleed of big crypto names since the peak a few years ago will not attract large new investors and there is nothing currently that indicates it is a good hedge against inflation (see BTC.X over SPX for example). Once the larger crypto assets lose value, the liquid (crypto) the stable coins hold in cold wallets will of course devalue. The only liquid they hold of value will be traditional hard to liquidate assets, which will simple be used to pay off the big players in the bankruptcy. Expect this entire thing to collapse pretty quickly when it gets going. We are yet to see real contagion in this space. A lot of people will be left holding worthless coins like every crypto coin bankruptcy so far. That said, traditional money is no good to you either. Thanks to fractional reserve banking [1] no currency actually has any value any more. It's difficult to suggest where to suggest to invest, but I don't want to get caught holding monopoly money once the game ends [2]. [1] https://en.wikipedia.org//wiki/Fractional-reserve_banking https://en.wikipedia.org//wiki/Fractional-reserve_banking [2] https://coffeespace.org.uk/blogs/crypto-monopoly.html https://coffeespace.org.uk/blogs/crypto-monopoly.html