Why cryptocurrency as an investment is destined for oblivion

Crypto project teams must share the spoils with token holders, or the sector is destined to go the way of the dodo

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Warren Buffet once said that you don’t find out who’s been swimming naked until the tide goes out.

The tide has definitely gone out at Crypto Beach. When crypto asset prices crumbled losing $2 trillion in value, a massive 70% from their peak, it quickly became apparent that much of this value had in fact been fugazi. The new age snake oil salesman dressed in black hoodie with a laptop under his arm had managed to pull the wool over our eyes by justifying the huge APRs paid by DeFi (decentralized finance) platforms as both legitimate and sustainable.