Crypto is facing an identity crisis-but it's hardly the first time | Fortune
Briefly

Crypto is facing an identity crisis-but it's hardly the first time | Fortune
"It came during the fourth quarter when a wide-receiver for the Pats took down a spectator racing across the field-one whose body was painted with what appeared to be ads for a sketchy crypto site. Coming on the heels of one of the worst sell-offs in memory, this is the last thing the industry needed: a shirtless moron using the big game to remind everyone what they dislike about crypto."
"The Super Bowl episode will provide more fodder for the haters, who have returned in droves now that Bitcoin is slumping. Those include progressive Democrats who are posting sneering tweets that imply they still don't understand why it's bad politics to ridicule the millions of U.S. voters who like and own crypto. The hater ranks also include the FT's indefatigable Jemima Kelly who is back with yet another witty but bad faith take on why Bitcoin is going to zero."
During the Super Bowl a Patriots wide receiver tackled a shirtless spectator whose body was painted with apparent ads for a sketchy crypto site, amplifying negative perceptions after a severe market sell-off. The incident has energized critics and returned detractors amid Bitcoin's slump, including progressive Democrats and media commentators. Prominent figures inside crypto express disgust and disillusionment, with Vitalik Buterin worrying about Ethereum and Evgeny Gaevoy criticizing the industry's abandonment of former ideals for a number-go-up fixation. Crypto Twitter shows somber, self-reflexive vibes. Prices are down and analysts note anxiety over the lack of an obvious explanation for the downturn.
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