What to tell your family about what happened to crypto this year According to Cointelegraph

After the lackluster rise of crypto in 2021, which saw many new crypto millionaires and several crypto startups achieve unicorn status, the drop is severe. in 2022 happened. The industry was hit by macroeconomic pressures, scandals and asset crises that were almost wiped out overnight.

As 2022 draws to a close, many crypto advocates feel confused about the state of the industry, especially given the recent crash of FTX and the contagion it has caused, knocking down a number of companies. ty associated with it.

Crash is common, but crypto has turned it into a contagious disease

SBF was handcuffed during extradition to the US Photo: Royal Bahamas Police

Centralized exchange and coins may come and go, but will stay

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Key point