High volatility =/= high risk, just because a miniscule obscure stablecoin with an inflated CoinMarketCap index crashed (Terra Luna) doesn’t mean the crypto is at fault for people’s (CEO’s) reckless investing in crypto lending companies. They had a business model that was unsustainable in bear markets because crypto is not designed for lending. You can’t bail corps out by printing more cryptos so they fail instead. Exactly what would’ve happened to banks in 2008.

Right now I can name at least 5 large lenders and fintechs who have gone bankrupt in the past 6 months because they didn’t follow due diligence for investing in other crypto lenders.