Crypto no longer seems like a viable investment to me. The reasons are several:
- The era of cheap Capital is over as we are faced with a tectonic shift is what is happening in the world. Crypto being so volatile while the existing fiat currencies also being volatile doesn’t bode well for it as a currency that will be used.
- Crypto has no fundamentals. We are returning to an era where fundamentals matter. Crypto not having any fundamentals doesn’t bode well for it to remain relevant.
- Crypto still isn’t easy to use. I still don’t know how to build or pay for things easily.
- The value of crypto will continue to drop. The game is up, and the losers are starting to realize they are losers.
It was fun while it lasted but FTX's demise has only accelerated crypto's demise.