Why is the crypto market mistrusting cryptocurrencies?
In recent years, the crypto market has been a hotbed of speculation and volatility, yet it seems to be increasingly mistrusted by investors and financial experts. What factors have led to this mistrust? Could it be the string of high-profile hacks and thefts that have shaken the foundations of the industry? Or perhaps the lack of regulatory oversight and the associated risks of investing in unregulated markets? Furthermore, could the inherent volatility of cryptocurrencies themselves be a source of distrust, as their prices can swing wildly in short periods of time? As a professional practitioner in the field of cryptocurrency and finance, I'm curious to understand the root causes behind this growing mistrust and how it can be addressed to foster a more stable and trusted crypto market.