These concerns have most likely compounded declines in crypto markets, the report said.
According to Citi “tentative evidence suggests a reduction in trading volumes and futures positions but not wholesale declines in investor interest in the space."
Citi willcanny99 NO. The incursion of financial institutions that never understood Bitcoin did. These corporate driven investors mixed the new encrypted digital economy with our current system and created a false narrative about Crypto that accelerated the concept uncontrollably.
Citi willcanny99 Funny thing is that Bitcoin is here to replace Citi Bank, they just don't realize it yet.
Citi willcanny99 As long as the market is not regulated enough - this will often happen
Citi willcanny99 why do people still care about this memecoin? Just move on to a project with real values like Polygon, one that has worked on Supernets, Nightfall, Zk and is trusted by Instagram and Stripe
Citi willcanny99 This what happens when you invest in the wrong things.
Citi willcanny99 It’s nothing to do with UST. It’s called a bear market.
Citi willcanny99
Citi willcanny99 UST fell because the whole market relied on the decisions of one man, and this could have been easily avoided with a DAO system, where responsibility and decisions are debated on, such as is happening with the case of bitDAO
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