Why Another ‘Crypto Winter’ Is Test for Digital Money
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This year’s slump in digital assets has been gut-wrenching for those investors who bought in at the peak. Even crypto diehards, while still convinced that the world is on the verge of a blockchain-driven revolution in finance, were left shaken by the market rout. To those still keeping the faith, the “crypto winter” would be like the dotcom bust of the early 2000s -- weeding out failing ventures to make room for more promising startups. Others wondered when spring would come. The collapse in November of one of the industry’s biggest exchanges, FTX.com, underscored the risks of assuming the worst was over.