Crypto Nation Switzerland defiant in face of bitcoin crash

Swiss blockchain industry has grown to more than 1,000 companies, supporting 6,000 jobs. The self-styled ‘Crypto Nation’ has yet to see job cuts on the scale of the US-based Coinbase exchange. The price of bitcoin went up more than ten-fold between the middle of 2020 and the end of last year, and then slumped by 30%. The goal of the Swiss blockchain is to build a digital system that frees users from constraints by reducing fees, reducing fees by intermediaries. It aims to wrest control away from tech giants and create a new type of internet that is owned and controlled by ordinary users. The underlying message is that bitcoin is an irrelevance, like the froth on a cappuccino. Source