To its backers, crypto has been the revelation book of finance for centuries. To its critics, crypto is a mere Ponzi scheme. A look at the world’s first cryptocurrency, Bitcoin (BTC), helps solve the puzzle. According to data from CoinMarketCap, in the last couple of months, the market has fallen by a whopping $600 billion. Bitcoin has fallen to $47K from a record-breaking $69K in December of 2021.