The big question now is whether VCs will pour billions of USD into pump things back up. The real economy isn’t awash with money seeking higher interest rates the way it was a year ago.
There are so many VCs that invested in blockchain startups. Now their source of money is dried up, I can't imagine they will be able to pump these startup valuations for long. At some point, they have to write it down. It will be the dot com crash for blockchain startups.
