Is This Crypto’s Lehman Moment?

This is a pretty good comparison especially since the issue was FTX a) not anticipating the volatility of their holdings and b) incorrectly modeling how an unexpected price drop would have cascading effects on their ability to operate.

https://archive.ph/NlEbP

Yes.

You know when the bitcoin lobbyists see the value fall they often point to recent news. But if you go to google and hit the max timeline, it exactly fits the mania curve. Exactly.

https://transportgeography.org/contents/chapter3/transportat...

I’ve been saying this for years and have been laughed at and censored and outright harassed by that arrogant crowd. But what I came to realize is that a significant part of that group were well aware it was a bubble, but worked hard to keep the herd singing the pipe dream narrative while they pumped and dumped.