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There's Less Money in Crypto, and That's a Good Thing

Crypto’s boom and bust were driven by the same plague that has turned the entire finance industry into a shady casino. So it’s no tragedy if the speculators take a break in 2023.

By David Z. Morris

Updated Jun 14, 2024, 4:31 p.m. Published Dec 21, 2022, 8:50 p.m.

Financialization means big directional bets and lots of leverage, propped up by a hype campaign. In crypto, those bets are often followed by a hard landing. (Creative Commons)