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here we go again
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Bye-bye "Staples Center" ❌ Hello "Crypto.com Arena" ✅ Along with the name change, here's what else patrons could expect from the venue's deal (including potential integration of crypto-currency payments on site) 👇latimes.com/business/story
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I suspect this will break in rough correlation with supply chain logjam being cleared. Not a cliff, more like a staircase ratchet down, as savings unwind and turn into demand fulfillment. This is as much about money having nowhere to go as it is about froth native to crypto.
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Ie not quite an exact analogue to 2000. We were coming off sustained general prosperity then. Not pandemic for 99% + asset boom for 1%.
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Crypto predators have already staked out their positions around every crypto watering hole, now just need to convince crypto wildebeests that they are thirsty for crypto.
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Had the same thought. If we are in 2000, and the field didn't really finish winnowing and then massively growing until maybe 2006, how long will that cycle take now? At least the Crip is very LA, or the Crypt is pretty good.
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