Crypto’s plummet tests the durability of a hyperdrive industry

Washington Post – In a story about crypto prices plummeting, Healthy Markets Executive Director Tyler Gellasch is quoted saying “traditional financial institutions have missed too many years of booming crypto values to be dissuaded from the crypto market now. “Concerns over fraud, volatility, and regulatory uncertainty kept many traditional financial firms on the sidelines for the boom in digital assets,” he said. “After several years of missing out on the profits, many in traditional finance have just recently committed to getting involved in digital asset markets. I’ll be surprised if they immediately U-turn now. They’ve committed too many resources to figure out how to offer something to their customers.” (Full Story).

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