Flush-outs among cryptos are healthy
people tend to take victory laps prematurely – both bulls and bears. From its most recent peak at $65 000 in April, Bitcoin’s precipitous fall to around $37 000, at the time of writing, represents a crumbling in the recent edifice of invulnerability among a newly-minted generation of crypto tycoons. (For the purposes of this piece, we will use Bitcoin and crypto synonymously).
Is it a loss of faith in new age “market gods” like Elon Musk, on-off supporter then detractor of
