• FaceDeer@fedia.io
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    1 day ago

    Crypto bubble, not bitcoin bubble, don’t move the goalposts.

    Okay, where was the crypto bubble, then? The total market capitalization for cryptocurrencies in aggregate had a significant bump in the 2021-2022 timeframe, but it’s since recovered from and far exceeded that so if that was the bubble it didn’t cause any permanent harm. BTC largely follows the overall cryptocurrency market.

    As OP said, the crash of cryptocurrency has been exaggerated.

    • FlexibleToast@lemmy.world
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      1 day ago

      They seem to be conflating crypto currencies with the blockchain technology that enables crypto currencies. If the original meme uses NFTs, it would be accurate.