Is this a crash? It's almost like the sector has never experienced this before, definitely isn't the third or fourth "crash".
I mean, how could the price go down around the time taxes are due in the US after a bunch of legislation was passed on capital gains?
There are tons of schemes, scams, and bad actors in the sector, sure. That's why they are called ****coins.
I think the hyper capitalism argument is funny too, with a DAO and a global distributed wallet, we could easily accomplish a socialist Utopia. It so just happened to play out as venture capitalists saw the economic potential, and created their own ecosystem using the tech. Innovation has no political agenda.