Many crypto exchanges are laying off employees. Recentlycelsius recently has limited the withdrawal
Bill Gates has called Crypto, NFTs as Based on ‘Greater-Fool’ Theory
Yet many other well read people like American billionaire businessman David Rubenstein said that crypto would not go anywhere despite the ongoing market correction.
How long will this market correction will continue and where will this stop.. and where will Bitcoin stabalize
But, why will they lay off employees anyway? The income of the exchangers are supposed to go high because many people are using them now to purchase a coin or to trade since volatility got even higher.
Crypto exchanges are offline, not some kind of an offline company that is affected by covid pandemic and as a result they will need to close or lay off their employees. Bill gates might be correct on the nft part. He is right that those who invest on nft's are fool but not cryptos, crypto investors are wise and smart because they did not choose nft. They know that it's only just another hype. Bitcoin won't ever be stabilized because is its nature to be volatile and we don't know if how long this bear can last.