azpa

This prognosis was the final straw caused me to exit the market as it sounded like Brian wasn’t expecting a recovery in any reasonable time period.

Furthermore, I felt that other asset classes were overvalued when I got into crypto and I hardly think that’s it’s currently the same.

It also turned out to not be the inflation hedge I originally assumed it would be. Part of my current assertion is that cryptos value is tied to retail investors - the same who need to pull out of the market to deal with Very real expenses.

Let’s also give credit where credit is due. Brian may also be using the economy as cover. Give credit where credit is due - FTX came in and ate their lunch. Hats of to them.

Coinbase has done a poor job with planning and handled this challenging circumstance very poorly. That’s clear. That includes poor social media management.

Many, including myself, admired this company because many of our smartest peers were joining in droves. Thought of Coinbase as their dream job. It is clear that that is no longer true.

Therefore when they say that they survived a crypto winter before, what they miss is that they previously had many that rooted for their success. I hope they hold no illusion this time.

Unclear how different this is from the draft.