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Terra (UST, LUNA): Crypto Celebrates Booms and Busts at Its Peril – Bloomberg

Bloomberg Markets Americas. Live from New York, is focused on bringing you the most important global business and breaking markets news and information as it happens.
Bloomberg Markets live from New York, focused on bringing you the most important global business and breaking markets news and information as it happens.
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Crypto proponents revel in the sector’s ups and downs but the ride can be jarring.
Photographer: SeongJoon Cho/Bloomberg

Welcome to Bloomberg Crypto, our twice-weekly look at Bitcoin, blockchain and more. If someone forwarded this to you, sign up here. In today’s edition, Emily Nicolle gets cyclical:
Every market goes through peaks and troughs, but to crypto acolytes, the downdrafts are necessary correctives that can propel the sector to new heights. Unfortunately for them, the larger the industry grows, the less likely investors — or regulators — will tolerate this boom-and-bust philosophy.

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