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Since the last time the government intervened, it has basically been the highest point in the crypto world. This time they intervened, and the market hasn't fluctuated yet. Will there be a fall?
Although I hope the crypto world becomes legal, if China really opens up the crypto world, there will be a large number of retail investors going bankrupt, and there is too little money to be made in the crypto world; most people are just playing around and ending up with nothing.
To be honest, I currently don't see the value of the crypto world. If in the future tokens are tied to real companies, only then can there be healthy development.