Crypto Crashed and Everyone's In Jail. Investors Think It's Coming Back Anyway.

  • 2023-11-23 08:00:00
  • Motherboard - Vice

As mentioned in the referenced article published Tuesday, 11/21, the NFT world has hit rock bottom and does not seem to have any chance to rise again: the most prestigious figures in the field are currently in jail or in court and the market value is at an all-time low.

Nevertheless, investors are convinced and absolutely sure that the NFT economy will recover in the near future. Faced with the development of the technology in question, arising in 2019 and having reached a remarkable and surprising peak during the pandemic,  the most hopeful might think that there is a tiny chance of recovery.

Recently, online articles have predicted that the Securities and Exchange Commission (SEC) will soon approve an ETF spot, a fund that holds Bitcoin or other cryptocurrencies and allows investors to buy stocks - this prediction is not, however, supported by particular sources, only snippets of information.

Objectively, the odds do not look good.