Crypto Is Not a Business Model

According to Coinrank, the largest companies that were publicly and demonstratively buying up crypto throughout last year are now sitting on unrealized losses - regardless of which cryptocurrency they chose. The only difference is the size of the loss in percentage terms.

I think these numbers are important for everyone to see. Several times last year I wrote that if a commercial company stops running its core business and instead starts allocating investors' money into crypto, no serious investor should fund that company. If it no longer creates value on its own, it is not capable of generating profit as a business.

The figures shown in the Cryptorank screenshot are a reminder that crypto is not a guaranteed path to profit. In fact, they underline something even stronger: no cryptocurrency is. You should move into crypto not because of promises of effortless wealth, but because of the freedom it offers - freedom of choice, freedom of transfers, and, of course, freedom of exchange.

Those who spent last year accumulating massive crypto positions purely in search of profit are now sitting on losses. Those who came to crypto for freedom already got what they were looking for.