> Is this not a little hyperbole?

Unfortunately it isn't. Do you trust the Financial Times, Reuters and Forbes? They're not exactly some treehugger fanzine.

https://12ft.io/proxy?q=https%3A%2F%2Fwww.ft.com%2Fcontent%2...

(necessary to remove paywall)

https://www.forbes.com/sites/tedknutson/2022/01/20/crypto-en...

https://www.reuters.com/markets/commodities/kosovo-bans-cryp...