Another FUD that I've heard today though this has been posted days ago.
Many crypto players have gone bankrupt? that's nut then show us those people who have gone bankrupt by investing to cryptocurrencies. The story looks one sided and you're looking at the side that's not really existing. Many crypto investors became rich and that's the real story.
May be its because of previous huge drop of bitcoin where most of the investors are focusing their investment capital in bitcoin alone because they are hoping for a bitcoin to reached $50000 but sad to say that it accidentally drops to $7000 from a previous price high of almost $20000.