https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
"The value of bitcoin peaked at USD 69,000 in November 2021 before falling to USD 17,000 by mid-June 2022. Since then, the value has fluctuated around USD 20,000. For bitcoin proponents, the seeming stabilization signals a breather on the way to new heights. More likely, however, it is an artificially induced last gasp before the road to irrelevance – and this was already foreseeable before FTX went bust and sent the bitcoin price to well below USD16,000."
Crypto is dead?
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I use it for remittances. I send BTC to my sister in Bangladesh, it arrives within 30 mins, and she cashes out locally at mom and pop shops all across Dhaka. It's an order of magnitude faster and cheaper than any existing remittance solution.
Crypto serves no legitimate purpose
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Economists have been dumping on crypto since its inception. That’s when I knew to get in. Last year was a bubble, good to get all the crap cleansed out. Everything in crypto is overrated except BTC.
NFTs , worthless
Smart contracts, useless without a third party adjudicator (therefore mostly worthless)
Stablecoins (fake stable. Stable til they’re not. Required trust in 3rd party)
Big centralized exchanges