The tulip mania of the 21st century is finally over. Crypto is dead!
Some good people have lost a lot of money. But even more so, some bad people have made a lot of money. It's all scams and bubbles!
Or is it?
After the dotcom bubble, it was pretty obvious that internet companies could do no evil. We were still at the dawn of the internet age, few understood what was going on behind our screens back then. Nowadays, everybody understands legacy as well as crypto exchanges are for the most part just casinos with higher stakes.
Take a look at the after-market price action on the legacy market on February 3, 2022, following the earnings releases. Facebook plunges by 20% or more? And that blue-chip safe bet stock?