It absolutely was not obvious. At least not to anyone who believed the mission statement. Read the post and tell me what is wrong. It's a bit coarse, but still accurate. BTC was created ostensibly as a privacy currency. A job it failed at by deflating wildly until it was utterly useless for simple transactions and became an investment asset. Amateurs saw it going up and wanted in, then it crashed much harder than every other investment class. It was supposedly an inflation hedge because it wasn't subject to central bankers, yet it lost value far faster than any fiat currency. What even is the current crash? There's no fundamentals like yields or P/E ratios to say that any crypto has gained or lost any intrinsic value. There's no equity voting rights. There's no index associated to it's purchasing power. There's no bonds denoted in any crypto value. It is driven entirely by sentiment. After the dotcom bust, it took the NASDAQ _17 years_ to fully recover to it's peak. Crypto investors are not going to wait that long.