‘Crypto is going through what most innovations go through’ - Low barriers, overproduction, and unsavvy investors are all part of ‘round one’ -Top economist Mohamed El-Erian
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That may be true. That doesn't make him a figure I would trust on the topic of crypto. He's an Establishment figure through and through. I question what he says even if it coincides with my own views.
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I too agree with his view about the current state of crypto. The question is not whether we trust the establishment or establishment's figures.
The reality is the whole establishment, let alone the establishment's figures, is waking up to the state of crypto and the reality of crypto is here to stay and sooner or later they have to come to terms with it and learn to live with it.