/biz/ - Business & Finance

>>52395921
The internet was useless for anything but messaging and later porn for a long time, it eventually found hugely profitable use-cases.
THEN it became an incredibly valuable thing.

Crypto became highly valuated BEFORE it had profitable use-cases/value to the world.
It's the cart before the horse, it's stupidly speculative venture capitalism based on vague assertions of "It will be awsum guise, trust us!".

>>52329379
It's a long term loss of faith, people are realizing that everyone who got in the Ponzi at the start are fabulously rich, but it's no longer sustainable.
At this point you have the international grifters AND the Wall Street guys getting in to fleece the remaining gullible sheep, and some of the scam-masters taking the money and running.

The world of "buy this $1 coin, get rich" is just over.