I don’t think GP is arguing that crypto is a good thing here. They are refuting the meme which calls crypto a dead fad.
As mind boggling as it may sound, crypto is still a very strong industry, raising about 10 billion per year. Sure it has gone down by more than half since the hype years but that’s still very comfortable numbers.
Again, not saying it is a good thing. But just because it doesn’t make mainstream headlines anymore doesn’t mean it’s dead.
I don’t think GP is arguing that crypto is a good thing here. They are refuting the meme which calls crypto a dead fad.
As mind boggling as it may sound, crypto is still a very strong industry, raising about 10 billion per year. Sure it has gone down by more than half since the hype years but that’s still very comfortable numbers.
Again, not saying it is a good thing. But just because it doesn’t make mainstream headlines anymore doesn’t mean it’s dead.
I agree with everything you’re saying except crypto is not down by more than half since it’s peak.
You know what you’re right, i was mistakenly taking 2022 as a baseline. I’ll edit my original comment to reflect that.