Yesterday I saw an article which described how transactions carried out in cryptocurrencies had collapsed since the year began. This made sense to me, since not only are cryptos incredibly and unbelievably awkward for transactions that could easily take place via Paypal or a credit card, and crypto fever had peaked around late December.
I look at the Bitcoin chart from time to time (SlopeCharts can chart just about any crypto), but I hadn’t surveilled the second- and third-tier cryptos in months. I thumbed through them, and it was quite a sight…
Some of these had fallen 80%, 90%, or even more from their peaks.
Hey, crypto-land, could you sprinkle some of that sweet, sweet, bear dust over here in equities? We could use it after nearly a decade of this madness.