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> Most of that wealth was manufactured in the crypto bubble, not actual money people worked for and put into crypto

Its real money.

https://twitter.com/Travis_Kling/status/1592198107734876160?...

https://www.coindesk.com/business/2022/11/14/ikigai-asset-ma...

So the assets of a "crypto hedge fund" that somehow kept "a large majority" of the fund's total assets on a 3rd party centralized exchanged is "real money" now?

That's the very definition of fake wealth, hot money seeking 50% returns in the hot risky mess that is the crypto market. The recursively leveraged self-licking icecream is melting down.

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