Does the current crypto slide mirror the 2022 crash? Yes and no
Opinion is divided on whether the current price rout faced by cryptocurrencies is similar to that experienced by the industry in 2022, experts say.
Three years ago, there was a series of cataclysmic events in the crypto industry, including the collapse of Luna, Three Arrows Capital imploding and FTX, one of the largest exchanges in the world, found to be committing fraud.
Anish Shivdasani, head of digital assets at global consultancy Roland Berger, said at the Binance Blockchain Week in Dubai on Wednesday: “If we look at today, I would argue we’re not in a slump. Bitcoin is at $90,000.
“Yes, it got to $126,000 but we’re used to having huge drawdowns in bull markets. If you look at the reasons for this drop, they don’t compare with the…
