The signs of a crypto bear market must be heeded as the first half of the year draws to a close.
Why it matters: The last bear market in crypto scattered institutions and yet — this time it feels different. This time there are a few opportunists looking to buy while prices are "fear-cheap."
State of play:
Startups are suspending services.
At least one fund is liquidating.
Big-time companies are laying people off, publicly.
Yes, but: This crypto boom, unlike the last, was marked by debt, debt that needed to be paid off at just the wrong time as trades placed on coins also turned bust.
Our thought bubble: This is a greed problem, not a blockchain one.
The big picture: The business models of crypto exchanges, lenders and funds aren't very different from their Wall Street counterparts'. They all have to be very large to stay competitive, because they are effectively running commoditized businesses.
What's happening: A sharp, sustained decline in coin prices, tightening capital markets...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...