Reasons Why The Crypto Dream Is Turning Into A Nightmare

The Merge

One of the biggest reasons why the crypto dream is crashing was The Merge. Ironically, this was Ethereum’s solution to the environmental cost of the PoW system. Now they require users to stake their ether on the blockchain before processing transactions. This is revolutionary for a couple of reasons but one of them isn’t positive for investors.

That’s because it affects their profit potential. It also prevents them from making as much money as the previous method. Unsurprisingly, crypto geeks don’t care about saving the plane. They want to maximize the number of zeros on their bank balance. Only time will tell if this works out (via Forbes).