• Zos_Kia@lemmynsfw.com
    link
    fedilink
    arrow-up
    2
    arrow-down
    1
    ·
    edit-2
    2 months ago

    I don’t think GP is arguing that crypto is a good thing here. They are refuting the meme which calls crypto a dead fad.

    As mind boggling as it may sound, crypto is still a very strong industry, raising about 10 billion per year. Sure fundraising has been divided by 3 since the hype years but that’s still very comfortable numbers.

    Again, not saying it is a good thing. But just because it doesn’t make mainstream headlines anymore doesn’t mean it’s dead.

    • AlDente
      link
      fedilink
      English
      arrow-up
      2
      ·
      2 months ago

      I agree with everything you’re saying except crypto is not down by more than half since it’s peak.

      • Zos_Kia@lemmynsfw.com
        link
        fedilink
        arrow-up
        1
        arrow-down
        1
        ·
        2 months ago

        You know what you’re right, i was mistakenly taking 2022 as a baseline. I’ll edit my original comment to reflect that.