Key Points
- From Tim Draper to leading crypto bosses, the industry was awash with pundits predicting new document highs for bitcoin in 2022.
- Other market place players were much less optimistic, and some appropriately referred to as bitcoin sinking beneath the $20,000 mark, even as very low as $10,000.
- But the failure of stablecoin terraUSD, liquidity issues across the crypto business and the dramatic collapse of the FTX exchange, shocked buyers and despatched ripples as a result of the current market.
