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[quote=Anonymous]It’s because most of the run up in the last 1-7 years has been due to pure speculation, much of which is leveraged, and people are moving their speculation over to precious metals, AI, rate earth and Quantum right now. Because those have had bigger returns recently. Also a problem is that instead of being a store of value or hedge, crypto has repeatedly proved to be the most volatile when volatility hits. Finally, this should give pause to those advocating for allowing people to underwrite and collateralize real world purchases/assets using crypto. Can you even imagine the scale of collapse if that were to pass? The ultimate house of cards. [/quote]
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