"The future of money". That's how crypto was heralded. And the markets seemed to agree. At one point in time, in November 2021, it hit close to $70,000. Then, there was an FTX debacle in 2022 that seemed to hurt the sentiments around crypto. A stablecoin called Terra and its sister token Luna collapsed, wiping out about half a trillion dollars from crypto markets. And after peaking at $3 trillion in November 2021, the crypto market plummeted in 2022, hitting a 2-year low of about $795 billion. So, Bitcoin got to a point as low as about $16,000 in 2022 after its high point of about $70,000.
Though, since then, Bitcoin gradually began to rise. In April 2024, it hit the $71,000 mark. Yet, it's fallen a bit since then.
And at a time that's being considered the golden age of AI, is something like crypto a neglected child? How relevant is it in 2024?
