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 fundraising has been divided by 3 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 fundraising has been divided by 3 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.