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Posted on 07/05/2026 3:48:17 AM PDT by dennisw
The latest fear, of course, is that the AI boom is stealing crypto’s thunder. With the blockbuster IPO of SpaceX and the market debuts of Anthropic and OpenAI expected to be worth trillions, cryptocurrencies are no longer the new, bright, shiny things on the market.
It’s hot outside in New York City, but there’s a crypto winter in the markets – and it’s likely to get worse before it gets better, industry players tell On The Money.
To be sure, we’ve seen this before: 2018, 2020, then in 2022, when a confluence of factors including the FTX scandal that landed Sam Bankman-Fried in jail sent digital currencies down more than 70%.
We’re suffering through a similar slump now, with about 54% of the total crypto market value being eliminated since prices hit their peak in October 2025, when the most popular coin, Bitcoin, hit its high of $126,000. It’s currently hovering around $60,000.
Does that mean the investment world is finally ready to concede that crypto is a house of cards? I doubt it, and that’s based on the caliber of the players involved and the emerging technology the coins support, known as the blockchain. BlackRock, the world’s largest asset manager, is deep into the crypto space with its popular ETFs, and there is no bigger “trad fi” guy than the company’s longtime CEO, Larry Fink.
Still, there’s a good argument to be made that there’s more downside pain ahead. During last year’s run up, speculators using “leverage” or borrowed funds poured into digital coins. Leverage makes any sell off more acute, of course, because traders need to pay back their loans, and that has led to the selling pressure that remains in effect today.
(Excerpt) Read more at nypost.com ...
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We should get the final markup of The Clarity Act this week, maybe even today, which should positively affect the crypto Market as a whole.
Where is the intrinsic value?
Bitcoin and Sol both did well during the last 5 years. Nothing else did. The crypto market boom history told us to expect a year and a half ago never happened.
and yes here is where I expect all the haters who don’t know anything about it to scream “tulips” etc. They’ll be shocked when there is another boom in the crypto market like there has been 3 times already.
Which by the way, what super valuable thing can you do with gold? Its just shiny metal. Where is the intrinsic value in that?
I know the answer already. It will inevitably be some version of "Its valuable because people accept it as being valuable." But the same is true of crypto.
I don’t think a single merchant I trade with would accept crypto. They’re all old coots like me.
How much of crypto is tied to deep state engineered democrat money laundering?
“A crypto winter is upon us”
Us?.....who is this “us”?
On my list of things I refuse to participate in is 1. Covid shots and 2. Crypto.
None for me thanks. ✋️
Bkmk
I am not attracted to an “investment” that is even more “fiat” than US currency. Precious metals are a bit volatile but have never been worth nothing.
On May 22, 2010, programmer Laszlo Hanyecz made history by paying 10,000 Bitcoin for two large Papa John’s pizzas, marking the first commercial transaction ever made using cryptocurrency. At the time, those 10,000 coins were valued at roughly $41, but today they are worth hundreds of millions of dollars.
Some of those merchants would have been a lot better off today if they had accepted payment in Bitcoin 16 years ago.
Crypto (except for a couple of privacy tokens like Monero) would be an especially bad for money laundering. Unlike unmarked bills or gold, crypto is directly traceable. Any media reports telling you that criminals use crypto to launder money is akin to the media telling you plastic guns (like Glocks) are undetectable in airport metal scanners....ie laughably untrue and born of their complete ignorance.
Nothing? Gold was $1,680 5-years ago. It’s over $4,000 now.
that’s an especially bad choice for money laundering.
mea culpa.
Gold can be volatile....just like crypto and lots of other assets. Bitcoin got down to $17,000 after the last cycle...before shooting up to a bit over $120,000. Its currently “down” to $62,000.
“Gold is money. Everything else is credit.”
JP Morgan
Gold is shiny metal. It has very little actual utility.
I will purchase anyone’s BTC for 15% of trading value anytime you want to sell!
“I will gladly pay you Tuesday for a hamburger today.”
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