Hypothetically speaking, if Ethereum were to collapse, would your view on crypto change?

Since I couldn’t post the link, the following is taken from TheLuWizz via article in Coinmonks

“Is the world’s largest altcoin risking a complete collapse of the Ethereum price with its Proof of Stake (PoS) mechanism? And in a very similar way to what happened with Terra Luna in May this year?

MicroStrategy founder Michael Saylor seems to be convinced. In any case, he backed the argument that Ethereum could crash like Terra Luna. Just yesterday, he tweeted: Bitcoin is designed to be stable, robust, and become more secure and efficient over time, based on advances in Proof of Work and ASIC technology. Proof of stake protocols are inherently unstable, inefficient, opaque, and risky due to their fragile design. But what is the background to all of this? Why is Ethereum said to be unstable in its design and where is the parallel between the Ethereum course and that of Terra Luna? Let’s take a closer look at what’s behind all of this.

The background is that Michael Saylor’s tweet was in response to a YouTube video by bitcoin maximalist Matthew R. Kratter. This is titled “Will Ethereum Break Like Terra Luna.” In the video he shared with his 190,000 subscribers, Mr. Kratter argued that Ethereum’s PoS consensus mechanism makes it vulnerable to a Terra Luna-like collapse. Mr. Kratter claims that ETH stakers protect the network, but if prices fall and validators capitulate, they could withdraw their deployed ETH at lightning speed in a protocol-level bankrun-like scenario, meaning the network could actually collapse.

In the video description, Mr. Krater documents the whole thing in a nutshell, as follows: The lower the Ethereum price drops, the more people will decide to withdraw their coins, further undermining Ethereum’s security and potentially leading to a death spiral. Regulators need to investigate whether proof-of-stake protocols like Ethereum and Cardano are at risk of catastrophic implosions like Terra Luna. Michael Saylor supports these arguments and therefore describes PoS protocols like Ethereum and Cardano as “inherently unstable, inefficient, opaque, and risky.””