Earlier this month, an image of a pet rock sold for the equivalent of more than $200,000 on the non-fungible token market. Everywhere you look, there are signs that the crypto market’s bizarre excesses – and the fear of losing them – are making an unexpected comeback. Aggressive actions by the Securities and Exchange Commission marked some crypto coins as illegal and drove some promoters away from crypto. “Optimists are seeing crypto winter thawing and even sprouting green,” said Aaron Brown, a crypto investor writing for Bloomberg Opinion. “If this is indeed the early crypto spring, the good new ideas should steal attention from the crap.

Source: Economic Times November 24, 2023 21:22 UTC