Bitcoinwhich started as being locked down due to whitepaper written by a pseudonymous subsequent economic downturn sparked by a high inflation rate environment among the tech crowd and logistic problems, and geopolitical uncertainty.
Atulya Sarin, a finance professor at Santa Clara University, insists that bitcoin will never supplant gold as a store of value, so bitcoiners should just give it up already. Blockchain is a technology that has served as the catalyst for crypto adoption and investment. Early bitcoiners like the Winklevoss twins, Tyler and Cameron, are unfazed by the current market slump and are betting big on the long-term future of crypto. But for now, it seems like the major blockchain players, layer 1s, layer 2s, Web3, infrastructure, DeFi, will all survive as long as they edit their tokenomic arrangements to cater to weakening economic activity and lower excessive leverage.
