I guess HODL is now FODL. . .
It'll be interesting to see if this causes a total deflation of the crypto bubble, or if it yet again finds a bottom and bounces back.
One of the arguments that crypto-boosters have long made is that crypto, supposedly like Gold, would hold its value in a time of economic recession or depression. A hedge against economic uncertainty, a safe haven for your dollars. . .and yet, it seems that as we are starting to enter an economic recession, that crypto is not so de-coupled from the larger economy and other assets like stocks, bonds, and the value of the dollar.
