Comment by sam345

The difference is that buying crypto is like buying a pet rock or a bottle of air. In fact it's less than that.. It's literally nothing. It's a greater fool market and it's certainly not currency. In addition there's companies (lenders, exchanges, issuers, etc) which build their businessesn on schemes built on schemes that you are supposed to trust which you can't because no one person understands the code or the infrastructure and systems that the code is built in. All in a totally unregulated market that can be shut down in bits and pieces or even all at once by the government. And then you have people touting it as a legitimate asset class deserving investment. And now it's all coming tumbling down.