Yeah a lot of leverage blew up in '22 which was satisfying demand in '21. It took the momentum out of the bull and made the bear pretty brutal.
3AC, Terra Luna, Celcius, Blockfi, Axie Infinity & FTX all contributed to the total shitshow.
I was a bit surprised that Binance somehow managed to survive.
Let's hope that these ETFs & Coinbase can manage to keep their shit together for at least a whole cycle.
DCG, Coinbase, ETH, Solana, Bukele to name but a few.
We still have some epic bear cycles to come. ðĪŠ
But those are stories for other times.
Time to ride a bull market where the affinity scam will be run by mainstream finance in the form of ETFs and every mothers cousin will be told by licenced financial advisors that their portfolio is broken without a 1% allocation to Bitcoin but DO NOT buy the real thing as that is highly risky. Rather, only deal with non custody ETFs to be safe.
It's wild the games of lies and deception humans play against each other.
