Ideally, the businesses which collapses in the bear market are those who did not do business practices in right way to stay running, and survive the bear market. A business or big business is just a wider version of what we do to our own financial life. I have seen some small businesses surviving the current market and economic condition. They all have similar thing, using their money efficiently, having near to no debt obligations, having enough funds in reserve to survive multiple months/days.
That means it's natural selection, the weak businesses die, and strong survives
And CZ did right to not support these bad businesses to help them survive
they would have kept producing bigger damage in long run
Exactly like the bailout banks keep messing with the world economy since every market crash happened over the decades
govts should let them die, and let the new innovative solutions give chance so economic and social lives can get better
but change manage level and inability to grasp finance/numbers for politicians is keeping things in bad state
and those politicians who understand, having to deal with so much opposition it's hard to apply change
Crypto in such case is the BEST chance for the betterment of our future
as the old folks from big political chairs retires, the new generation will for sure do something good
at least I have this little faith from next generation
might take decades, maybe.
