From blood-on-the-streets to a full-blown bubble, some conversations post-crypto crash

economictimes.indiatimes.com:

Terra (UST), a stablecoin designed to peg the value of the US dollar, and its sister coin, Luna, both plummeted. Luna, a not-so-stable stablecoin, was selling at around $118 just a month ago, but it is now virtually worthless. The crypto currency managed to erode the wealth of millions of investors, many of whom were from India. The stock market and the crypto world have attracted a large number of new investors over the last two years, owing to a liquidity-driven bull market in a low-interest rate environment. Over 20 million Indians invested in cryptocurrency in 2021 alone. However, both markets' recent crashes have affected how investors see them. The recent market crisis has debunked several market fallacies, particularly in the lesser-known area of cryptocurrency and blockchain technologies.

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While most investors start with the more popular Bitcoin and Etherium, they quickly move on to altcoins in search of bigger profits. The whole ecosystem was affected by the Bitcoin collapse. In November 2021, Bitcoin reached a peak of almost $69,000. It plummeted to $33,000 in just over two months, and currently trades at roughly $30,000.Conversations A fall like this has investors on the verge of jumping out of their skin. Many insightful opinions were expressed by a generation raised in the internet age. Some of the discussions we've heard at Pushstart on cryptocurrency and blockchain include: