Post FTX crash, it was expected that the days of cryptos are numbered. However, the scam has not proved to be the death knell of cryptos. It means cryptos have now become a permanent fixture in the global financial market. Cryptos have the potential for profit, and that is too great and too easy to attain.

There could be regulatory hurdles, but these will be resolved over a period of time.

Many fringe cryptos have become irrelevant. However, Bitcoin has survived, and showing an upward trend in value. It lures the newcomers. Bitcoin is an example of speculative trading. The more volatile the price fluctuations, the more exciting is speculation.

Ordinary people drive the crypto phenomenon. Here they have a yearning that the change agent that technology is, it can change money market too. Cryptomania is based on this thinking. However, rules of money market and investment do not change. Human nature falls prey to greed, and there is manipulation of this greed by others. This does not change.