What happens now that crypto is tanking?

Bitcoin has taken a bit of a beating recently. Since reaching an all-time high in early October, the OG cryptocurrency has lost about a quarter of it’s value and the overall crypto market is down about a trillion dollars.

Until recently, 2025 was a banner year for crypto entering the economic mainstream. Crypto exchange Coinbase joined the S&P 500, Congress passed a law allowing major banks to play with stablecoins, and even crypto holdout JP Morgan announced it would allow clients to use Bitcoin as collateral for loans.

All of those connections between the real economy and the blockchain were happening mostly when crypto was on the upswing. So what happens now? 

Longtime crypto investors, like Leigh Drogan at Starkiller Capital, are…

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