The dramatic crash of the crypto markets is comparable to the dotcom bubble bursting, a senior Bank of England official has said.
"A lot of companies went, but the technology didn’t go away. It came back 10 years later, and those that survived — the Amazons and the eBays — turned out to be the dominant players." To make matters worse, sentiment about the global economy has soured because of soaring inflation and interest rate hikes.
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Bank of England: Survivors of Crypto Crash Could Become Dominant Market PlayersTraveling back two decades and examining the dot-com bubble, many experts have compared several parallels that can be seen in today's crypto market.
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BIS Says Crypto Weaknesses Have Materialized Following Market Sell-Off – Featured Bitcoin News'You just cannot defy gravity... At some point, you really have to face the music,' said the BIS chief about crypto. cryptocurrency bitcoin $BTC This mofo is definitely not defying gravity 🙈 Thanks so much fooooorrrr this gift SHIBx1O
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