( June 17, 2022; WIRED UK )
Description: "Cryptocurrencies are behaving exactly like the rest of the stock market, but the faithful say that's no reason to jump ship."
“If you look at the fundamentals—blockchain adoptions, user expansion, real use cases being unearthed, you wouldn’t think the industry is going anywhere down,” says His Excellency Justin Sun, Grenada’s ambassador to the World Trade Organization and creator of the TRON blockchain, whose stablecoin usdd also lost its peg to the dollar last week. “The market is full of FUD [fear uncertainty and doubt] right now; the crash of [terra luna] and the more recent insolvency issues of some DeFi platforms and funds out there are not helping either. But I’m a believer in rational expectations and the market correcting itself. There’s always been cycles, and we are sitting on the slippery slope of the current one.”
I wouldn't normally post 4 Steem Links posts in a day, but I just came across this one with a quote from @justinsunsteemit (via his Twitter feed, so an exception was necessary. ;-)
Read the rest from WIRED UK: Sure, Crypto Is Crashing, but Everything Is Perfectly Fine
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