Crypto never needed a government bailout before when the market was way less liquid. Why would it need one now? This article is retarded and doesn't even mention the flaws in algorithmic stable coins.
Crypto survived mtgox, bitconnect, the covid crash, interest rate hikes etc with 0 government intervention. Why the fuck would that change now?
In March 2020, the entire crypto market capitalizion was less than $800 billion and bitcoin dumped to $3800. It's now hovering around 30k US just over 2 years later and the crypto market cap is well over 1 trillion. Short term fiascos like Luna/Anchor doesn't mean jack shit.vDigital currencies are here to stay these fud articles are the exact same every bear cycle. It's funny to me how these clowns only show up during those times to point at themselves and say deerrrrrrr looks I wuz right. So stupid.
>Crypto never needed a government bailout before when the market was way less liquid. Why would it need one now?
Ask bank of england
"If theyre big enough" means "if they're owned and controlled by their friends" this is the exact opposite.
And this article is also in complete contradiction the the other one you shared, so which one is it?
Well, either those article are contradictory, or times are changing
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