The Crypto Market Crashed. They’re Still Buying Bitcoin. – The New York Times

Cory Klippsten started issuing warnings about the cryptocurrency market in March. The digital coin Luna, Mr. Klippsten tweeted, was a scam, run by an entrepreneur with “major Elizabeth Holmes vibes.” The newfangled crypto bank Celsius Network was a “massive blowup risk,” he said.

When those crypto projects collapsed a few weeks later, causing a crash that has wiped out about $1 trillion in value, Mr. Klippsten became a fixture on news shows, where he cast the industry as a morass of hucksters and hypocrites. “Crypto is a scam,” he declared last month.

But Mr. Klippsten differs from most crypto haters in one crucial respect: He runs a Bitcoin company.

Source: The Crypto Market Crashed. They’re Still Buying Bitcoin. – The New York Times