Crypto’s skeptics have a tougher case to argue in 2024 | Opinion
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Crypto naysayers have had plenty of vindication over the last two years. The spectacle of Terra’s collapse in May 2022 was only superseded by the downfall of Sam Bankman-Fried and his empire six months later. His trial became one of the most hotly anticipated events of 2023. On the other hand, high-profile lawsuits against Coinbase and Binance by the SEC in June came as more of a surprise, as did the news that the latter had reached a $4.3 billion settlement with the Department of Justice in November. You might also like: In 2023, the US government tried to kill crypto | Opinion And yet, despite all the setbacks, one struggles to find anything but the most bullish forecasts for the year ahead. Back in July, Standard Chartered predicted that mining profitability would result in a Bitcoin (BTC) price of $120,000 by the e...