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Crypto has a strange and disturbing resilience among supporters
Saying I told you so is not much use, but the market implosion holds some real lessons.
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Crypto has proved itself more shameless, dishonest, interconnected and fantasy-based than even its strongest critics could have imagined, says the writer.
PHOTO: REUTERS
Jemima Kelly
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At various points over 2022 – particularly since the collapse of the Terra/Luna ecosystem in May, and then the FTX exchange in November
And I guess I do feel a certain sense of vindication at seeing the market start to implode, having stood my ground against numerous crypto bros telling me to “have fun staying poor”. But I have been reluctant to write an “I told you so”, because I’m not sure that I really did.
