So what happened to crypto?

Scott Duke Kominers '09, A.M. '10, Ph.D. '11, is the M.B.A. Class of 1960 Associate Professor of Business Administration at Harvard Business School. The global crypto market capitalization was $2.9 trillion last fall to less than $900 billion today. The long-run view is that there is real value here, and what matters for the market is whether we can realize that value, so what matters is whether the market realizes that value is real, and supporting regulation and entrepreneurship is key. Kominer: "We still don’t know what the potential to do that in the long run, or there’s a lot of new platforms and platforms" Source