There are endless articles about the end of crypto and the total demise of Bitcoin.

The crypto market has always been subject to huge fluctuations compared to other markets, such as stocks. When the crypto market is rising the proponents all talk about its power and show off how much money they are making.

Crypto is based on an interesting development in cryptography that allows for a permanent record of events, the blockchain. This will continue to work and to be useful until such time as it is surpassed by another technology.

In the last couple of years we have had productivity and the worldwide markets severely affected by a pandemic and a European war. It’s not surprising that the crypto world has taken a hammering.

Don’t forget that Bitcoin is now around $20K and in 2018 it dropped to under 4K.

As to what happens next… People all want free money from the expected increase in value of crypto and are waiting for signs of a return to higher levels. If it happens it will be at someone’s cost. Holding crypto is a zero sum game until it is actually used for something that helps transactions.

So maybe we should start using crypto rather than speculating and hoping for free money.