The price of Bitcoin plunged to its lowest point since 2020. Coinbase, the large cryptocurrency exchange, tanked in value. A cryptocurrency that promoted itself as a stable means of exchange collapsed. And more than $300 billion was wiped out by a crash in cryptocurrency prices since Monday.
“This is like the perfect storm,” said Dan Dolev, an analyst who covers crypto companies and financial technology at the Mizuho Group.
So bear that in mind as you read the possible real point of “the crypto-crash of ’22”: the article continues by pointing out that investments in “cryptos” rose during the planscamdemic, with even major investment and banking houses not only investing, but apparently, going into debt to do so. Then we’re told that the “crypto-crash of ’22” happened because in the wake of the war in the Ukraine, people are selling off risky assets. Translation: Once again, it’s the fault of those never-to-be-trusted-always-Byzantinely-scheming-Rooskies-and-their-eveil-super-criminal-genius-mastermind, Vladimir Putin, and his nefarious schemes to make everyone pay for their gas and oil in roubles, while backing the latter with gold, and not accepting cryptos as payment. Baaaddd Vladimir! Eeeevvil Vladimir!THE GREAT “CRYPTO-CRASH OF ’22”