Look as the bright side ...... we could be in crypto! It literally is a slaughterhouse with investers jumping out of windows as they are wiped out.
Some family friends had some children who got caught up in the crypto craze, like being in a maniacal cult, and lost their life savings and now will never have a house probably. I warned them.
Most investors here, as far as I can tell, knew the risks with Recaf and did not "bet the farm on it".
The great Charlie Munger, I actually met him at a Bershire Hathaway stockholders meeting in Omaha years ago, warned against crypto:
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Many public figures are speaking out on the latest FTX crypto saga, and Berkshire Hathaway Vice Chairman Charlie Munger is not mincing words on the topic. The 98-year-old Munger is a famous cryptocurrency critic, describing the space in the past as "disgusting," "evil," and "rate poisoning."