Paul Graham (of Y Combinator) just tweeted about a major systemic risk prediction for Crypto market. As if we really needed another bad news!

https://twitter.com/paulg/status/1594446009010212865?s=20&t=mkxlByey2i6AthTofcv70w

Nobody knows how deep the shit is going to hit and how widespread are the impact of existing fall outs. Everyone said Crypto.com was next after FTX but that has been dangling for a while. Grayscale has been news lately and there seem to be serious concerns. And, now Paul Graham also joins the race with another bad news. He is generally a non Bullshit guy so I give some weightage to what he says but to some extent, we all have a hunch that there is more shitshow left in the Crypto.

Having seen a few cycles in Crypto - this doesn't feel much different. Several Mega Projects from the last cycle didn't even survive the bear market so if the major players are falling out or struggling in the current bear market, it's nothing new.

Still hopeful that worst is behind and market runs the due course of a bear cycle.