The real economy actually produces value. It feeds people, clothes people, entertains people, etc. even if it does so imperfectly. The economy's value dropping 20% a day would represent a real problem that needs to be addressed.
We saw this when COVID began. The stock markets were plummeting as people increasingly realized that COVID was not gonna be gone by Easter, and that this would affect us for some time and how impactful it would be.
With crypto, the only thing that the falling prices is tell us that another layer of the onion of scams that crypto is built upon has been peeled, and the only real question is how deep the layers go and whether there even is something of value deep inside.
We saw this when COVID began. The stock markets were plummeting as people increasingly realized that COVID was not gonna be gone by Easter, and that this would affect us for some time and how impactful it would be.
With crypto, the only thing that the falling prices is tell us that another layer of the onion of scams that crypto is built upon has been peeled, and the only real question is how deep the layers go and whether there even is something of value deep inside.