Crypto's Lack of Value Becomes Clear During Market Turmoil

Since Bitcoin's launch in 2009, its purpose has been unclear.

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Initially, Bitcoin was seen as a refuge from government or a replacement for a flawed financial system.

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These theories have not proven accurate, especially during market downturns.

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Cryptocurrencies often perform contrary to their intended roles during financial crises.

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Bitcoin is cumbersome with slow transaction times compared to traditional currencies.

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Using third-party processors for Bitcoin recreates some financial system problems.

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Bitcoin has become a volatile asset class, fluctuating significantly in value.

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The crypto ecosystem appears less stable and more corrupt than traditional banking.

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Crypto enthusiasts seeking anonymity found it less private than expected.

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Bitcoin's price movements have shown it to be unreliable as a hedge against inflation or economic instability.

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