The amount of crypto companies that are dead or secretly dying is likely way worse than even we think. Most people don't realize how hard some of these projects will get pressed this time around. Like you said with the interest rates money is a lot more expensive to borrow and the advice a lot of these guys went off of was all n00bie advice.
It's so strange that these projects will just go off of advice from someone that started in crypto 2 months prior and they look at actual experts as clown ass FUD machines.
The amount of times this cycle I had people saying I was just all FUD while I'm rolling away in the Bentley and their scammy investments are taking multiple trips through a trash compactors. One guy even told me he was building generational wealth while he put all his funds into the most scammy meme tokens anyone could conceive of.
I have been deep in the weeds recently and there are an egregious amount of bombed out coins and tokens. Like probably 20,000 or more because there is tons of shit that people put money in that isn't listed, isn't tracked, etc.
Then even projects that got some momentum the guys running them weren't responding to anyone or anything. Crazy stuff.
On top of that we don't know how many projects might have been able to roll something out but they are being attacked by the SEC or other government entities. It's really going to be rough for most projects to make it through this.
Lol many of these companies are spun up by clowns man, look at Mashinkey, SBF, and the crypto.com and NEXO guys all don't know their ass from their head but got funding to start casinos
Financial Darwinism at its best, people are so damn soft, they've been conditioned to never take losses because they outsourced their investing to ETFS and brokers and now feel because that shit isn't doing much that they need to become active traders, which no one without expertise should be, but its profitable for exchanges to make people believe they can trade so they jump on this garbage.
While I warn against scams, I have zero sympathies for either side, if you get rugged good on you, if you go to jail for rugging someone good for you, either way money is misallocated in the short term to move to the prudent in the long term and I just enjoy the fireworks..
This whole of the government, oh the SEC, oh the market is rigged is such nonsense, that might work if you're a company, but if you're claiming to be decentralised it shouldn't matter at all, but the fact that it does shows its all a bunch of nonsense and I say let the government clear out the nonsense.
Seems like they have went after various individuals at times and tied them up legally. I don't know what happened to the Ether Delta guy. It was like if a Decentralized platform suddenly had some coin or token they considered a security they suddenly were in trouble before it had ever been determined to be a security in a court of law. A lot of people and companies can't fight against entities that large.