Looking at the past financial crises that happened, they all seem to have a few things in common, such as the mass adoption of a new financial product or technology (e.g. mortgage backed securities in 2008, dotcom boom in 2000). Given the extent to which institutions (and some influential figures) have been manipulating crypto recently, do you guys think this narrative is likely?
Maybe Yes, Maybe No! Crypto is pretty different from stock markets actually. You see we are already 60% down from the all-time high, for some people, This is a big crash in itself also if you look at this in terms of the stock market it looks huge, and therefore a big crash might have already happened. And what happened after the 2000 and 2008 crash was just that the boom of things ended, we know that .com companies still enjoy the highest valuations, and mortgage-backed securities still exist. So crypto would go on too after this kind of crisis it's just that these shady currencies like Shiba Inu created as a joke would be no more existing in the market.