It appears we are officially in a recession. Most indexes are down 20% or more. Bitcoin is down 56% year-to-date. The once high flying ARK Innovation ETF (ARKK) is down 67% and counting. Crypto funds are getting forced into liquidations. “All in” tech bros have lost half of their wealth. Tech companies are beginning to layoff once high paying folks who will be on the job hunt in a recession.
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