Correct. It was not s bubble. It is a volitile system that will continue to crash and rise forever.
It crashed hard and it crashed fast after a prolonged period of unsustainable growth. Is that not a bubble?
https://www.sciencedirect.com/science/article/abs/pii/S0264999321002327
quick_snail@feddit.nl 10 hours ago
TheOakTree@lemmy.zip 12 hours ago
Regardless of what happened to crypto, it was certainly a crypto mining hardware bubble for anyone invested in that.