We’re living through one of the most interesting periods in crypto history

I feel like we’re all probably numb to this reality after the year that we’ve had, but I think we might be deep in the midst of the most interesting period in crypto’s short history. Let’s just take stock of the chaos:

• First off, it started with War in Europe! plunged worldwide financial markets into chaos, dragging crypto along with it.

• Over $70 Million worth of BTC, ETH and USDT was donated to Ukraine for both military funding and humanitarian aid.

• We saw a Top 10 crypto go to 0 with the LUNA collapse, followed by months of the founder, Do Kwon, saying he wasn’t on the run while running from country to country to evade law enforcement.

• We saw the collapse of Voyager, BlockFi and Celsius. The CEO of the latter even selling mocking “unbankrupt yourself” merchandise in its wake.

• We’ve seen the collapse of the second biggest crypto exchange, followed by the arrest of its founder and an uncovering of massive fraud and mismanagement including revelations no one asked for about orgies and imperial Chinese harems. Oh yeah, and all of this started with a tweet!

• Following FTX, there was a mass exodus from CEXs and an incredible sense of chaos and panic. Predictions of who was next to fall ran rampart as exchanges struggled to handle withdrawals and the following audits failed to give much confidence to investors.

• Do Kwon was finally arrested in Montenegro.

• The SEC takes aim at CEXs over the sale of securities as the XRP lawsuit continues. Meanwhile the CTFC target Binance for unregistered sale of commodities. Each group seeming to have a different definition for what crypto actually is.

And lastly:

• The collapse of the SVB and Signature banks throw the banking sector into turmoil and French prosecutors raid five banks, including HSBC, in an over $1bn fraud case. Amongst all this chaos, politicians still found a way to blame crypto for all this, due to SVB and Signature’s exposure to crypto.

All this during the longest bear market in crypto history! And yet, Bitcoin has been holding strong lately. Even in the face of banking collapses and widespread fear of a global recession, BTC is (at least for now) on the rise. Big companies like Google, Amazon, Microsoft and more are experimenting with crypto infrastructure, even in the heart of a bear market. Not to mention the now-beloved Reddit Collectible Avatars breathing life back into an ailing and widely maligned NFT market.

If you’re exhausted, I don’t blame you - look what we’ve been through - but it’s undeniably interesting, dramatic and wild.

Whether we’re early or not, crypto continues to be a rollercoaster!