CHG

cclawyer

It is more than obvious to anyone who has lived through [the last 10 recessions](https://www.investopedia.com/articles/economics/08/past-recessions.asp), and [the growth in the supply of M-1](https://take-profit.org/en/statistics/money-supply-m1/united-states/) that that crypto has been a bubble-asset that seduced a generation of merchant bankers looking for new ways to squeeze a profit out of a market where there has just been way too much money for way too long. With the SEC clueless about what to do in crypto, in fact every day more seduced by the "industry", the Fed sighted systemic risk in the crypto bubble, and started throwing darts at the balloon. MONEY SUPPLY M0 IN UNITED STATES BY PRESIDENTS NAME CHG% START/END Donald Trump 2.21% Barack Obama 106.28% George W. Bush 178.35% Bill Clinton 65.90% George H. W. Bush 28.26% Ronald Reagan 76.18% Jimmy Carter 137.13% Gerald Ford 19.89% Richard Nixon 37.44% Always short on practical utility outside of the darkweb, where it competed with money laundering for its only serious use-case, cryptocurrencies have been transparently inflated by pyramid schemes that operated by seducing new buyers to buy and hold, most commonly by paying exhorbitant interest in tokens (aka worthless scrip) in exchange for hard fiat currency payments to acquire the allegedly valuable tokens. The first time I came across one of these lockup deals, while representing some crypto-investors who were obviously being seduced into paying fiat for crypto that they then gave up their right to withdraw, that the loss of liquidity was a big problem. A dollar ain't really a dollar if you can't spend it right now. In fact, if you can't spend it for five or six years, at current rates of inflation it's worth a great deal less! So acquiring illiquid crypto "currencies" by spending hard earned fiat cash has been a mug's game all along. The final chapter of crypto-cataclysm hasn't yet been written, but to those engulfed in the wreckage of the ongoing train-wreck, the endless boosterism of industry flacks must be infuriating. The OP has it right. If you're still sitting in crypto like a frog trying to figure out if the water's boiling, catch a clue -- it's way past time to bail.