Cryptocurrency just had a brutal year. And this FTX debacle has only harmed the public perception of it. Proponents of crypto seem to focus on the merits of blockchain technology - transparency, decentralized, safety features etc - but then you have critics who say the whole concept of the actual tokens is built upon the so-called Greater Fool theory (there's always someone else who will be willing to spend more money on a token that you just bought).

It seems like crypto isn't going anywhere in terms of the technology, but i think its ceiling as an asset class has been lowered dramatically over recent months. Many people have lost trust (and money) by believing in it. Rebuilding that public trust I think poses the biggest challenge, more than any technological obstacle. - PR