The Worst of Crypto Is Yet to Come
Cryptocurrency has been declared dead so many times that its supposed demise is a running joke within the industry. According to the website 99Bitcoins, the obituary of crypto’s flagship token has been written at least 477 times since 2010. A round of eulogies occurred last year, after several crypto-trading giants, including FTX, collapsed, and the Securities and Exchange Commission filed a barrage of lawsuits against major blockchain companies. “Crypto is dead in America,” said the tech investor Chamath Palihapitiya on the All-In podcast in April 2023. Publications including The Wall Street Journal and The Atlantic wondered if the technology was, once again, kaput.
So we shouldn’t be surprised that crypto is back. What’s…
