The problem started long ago mate ever since when the government was unable to find a better solution to inflation and if crypto currency was not financial instrument why does it posed good result despite the damage done by the pandemic
This i really got to answer to protect naive people : All you people out there that think crypto is Baby Jesus ...google keyword:
pump and dumpThe pump and dump also happen on other markets like penny stocks. The fiat currency can even be manipulated, what do you think will happen if China dumps their USD?
@Spy100, naive people are always advise to know the risk in cryptocurrency investment before joining it but people seems not to understand that crypto is not a quick to rich scheme. However, very great opportunity will also have great risk.
I don't think people look at BTC as baby jesus.
Bitcoin have the capacity to be look up to as baby jesus cause it was created as an alternative to save people from inflation which it does when theres total lockdown.