It's been a tough time in the crypto community as a lot of rugpulls are happening. The crash happened in a lot of cases & here's Polygen's updates in order for us to be informed about the recent events in crypto.
Millennials and Gen Z Invested When It Was Fun. Now They’re Riding Out a Crash
This actually isn't news to me. Millenials have gotten FOMO over the past years, especially when the DOGE era or rather the MEME COIN era began. Newbie investors are often on the lookout for an investing opportunity that has the potential to change their fortune overnight because of success stories, which shouldn't really be the case.
All Those Celebrities Pushing Crypto Are Not So Vocal Now
We all know a lot of famous personalities gushing about crypto & NFTs on social media for their followers to follow their steps.. yet now, there seems to have an awkward silence. Some of these personalities are Matt Damon, Reese Witherspoon, and Gwyneth Paltrow who have been criticized for exciting virtual currency without highlighting the risks.
On the lighter note, here are some good news from Polygen's Crypto Updates:
Bitcoin Conference in El Salvador Attracts Representatives From 44 Countries
The El Salvador President himself, Presidente Bukele, has won the hearts of 44 countries to have a discussion with them about Bitcoin's use cases. It was known that El Salvador bought 500 BTC during the dip.
Wanna know more? Well... There's more news for you! Just head on to:
https://medium.com/polygen-ecosystem/weekend-updates-21-05-2022-45e75a2be2db
For more updates & discussions!
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