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The Greatest Rug Pull Of All Time
In 2020 and much of 2021, crypto was easy money. Actually, it was two kinds of easy money. It was easy money if you traded it, and it was easy money if you were paid to promote it as something that everyone including your grandparents should trade.
And, like all easy money schemes, it came to an ignominious end.
From this:
Crypto Bros Buy Real Estate (NY Post)
To this:
Crypto Bankruptcies (The Tokenist)
The Wild West days of jumping aboard whichever coin was trending that week are likely done with as a reliable way of making money (don’t laugh – for many it was a reliable way of making money for a time).
All Risk Assets Have Sold Off In 2022
From the 2021 peak, even the two leading crypto names have experienced a deep selloff. Think your S&P-heavy 401k is hurting? Your high-beta tech portfolio causing…
