Cryptocurrencies are in crisis, but they are not going to disappear
Cryptocurrencies are experiencing their worst crisis since the arrival of the first crypto assets and virtual currencies in the 1990s and their democratization in the 2010s.
Bitcoin had an unprecedented tumble in late 2020 and has yet to recover. In addition to this sharp decline, there is much discussion about the worrisome collapse of some so-called stablecoins, which are supposed to be less volatile.
This is compounded by the fall of cryptocurrency giants, particularly due to allegations of fraud in cases like the FTX scandal.
At its peak, FTX had one million users and was the third-largest cryptocurrency exchange in terms of volume. Experts agree that the aftershocks of its collapse have hit investors hard and will likely slow the pace of crypto asset adoption for the next few years. Read more: Investir dans les cryptoactifs: voici comment limiter le risque d’être exposé à une fraude As an expert in the field of cryptocurrencies, I will try to answer the following question: are cryptocurrencies really here to stay, or are they just a fad?
