That is the thing! People judge by the sensational news of the FTX cascade, and in consequence, they perceive the whole ecosystem is damned. Bitcoin obituaries have been spread many times, and right now they gotta fills the number again. It is a seasonal thing of a bull and bear market, and this time won't be the last time. Cryptocurrencies have gained a tremendous amount of impression over this year and last year, yet, it won't stop just right here.
Those media are just playing a clickbaity title while it is still hot, and fulfilling the ego of crypto doubters.
Well to be fair there's no shortage of sensational news in crypto. Missing one week of crypto twitter is like i have been away for months. But all the hacks, exploits and hacks, exit scams and pyramid scams, drug related silk road like busts, celebrity endorsements, and having wild eccentric weird characters like McAffee. Block size battles and all the tribalistic fighting between communities. Scamming idiots with crypto jargon and pretending to be satoshi...Those media are just playing a clickbaity title while it is still hot, and fulfilling the ego of crypto doubters.
This is a very weird time and weird place to be.
And headlines like these from that started from inside jokes didn't really surprise me then and wouldn't now:
And while part about communism on that "crypto is now dead" article i gave is pretty much spot on i still see though it and ton of potential in this scene. I am very much buying right now.