This market is moving toward destroying its own credibility. With every new drop, more investors have their wealth wiped out, lose hope, and leave the market.
In my view, this process is still far from over. When trust runs out, there is no narrative to uphold it. In the future, I believe fewer and fewer people will believe in it. For many, everything will be remembered as a major financial fraud that enriched a minority while millions were left with losses.

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