I feel for everyone getting crushed in this mess.
Crypto is on life support, and under these conditions that is hardly surprising.
We may be moving toward one of the worst energy crises in modern history, through the deliberate recklessness of a cult of incompetent narcissists and Christo-fascist cult who seem unable to produce anything except escalation, destruction, lies, and economic self harm. (While enrichening themselves)
In the long run, the Americans who enabled this madness will likely pay the highest price, even if the damage is already rippling across the entire world.
What that ultimately means for crypto is an open question, but I see very little reason for optimism while this political death cult still has its hand on the wheel.
Remember that crypto is still viewed largely as a speculative asset. In times of crisis, it is one of the last places capital flows into.
And it does not help that many American crypto companies supported this toxic mix of communism and fascism and still have not distanced themselves from it.
Anyway. I do not think even an impeachment at the end of the year would undo much of the structural damage by then.
And do not forget: that deranged, uneducated horde of populism victims will not simply disappear either.
We will see.