Asmongold’s Comments on the Cryptocurrency Crash


Recently, several cryptocurrencies, including Luna and Bitcoin, have seen a sharp decline in value. Voices ranging from financial speculators to Muscular contraction streamers weighed in on the crash on social media and YouTube. In a recent broadcast, popular Twitch streamer Asmongold expressed his thoughts and opinions on the current market spiral, and he doesn’t have many kind words to say about it.

On May 9, the world’s most popular cryptocurrency, Bitcoin, dropped below $30,000 in value, the lowest since July 21, 2021. Many viewers and speculators have been anticipating a market crash of this caliber for some time given the drop in value and the NFT resurgence of affordable GPUs as cryptocurrency miners start to lose interest in blockchain mining. While many celebrities and streamers have announced an abundance of new coins and NFTs, Asmongold remains a longtime critic of cryptocurrencies and non-fungible tokens.

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Amid the recent cryptocurrency crash, Asmongold felt compelled to go live on Twitch despite plans to take the day off and decided to share his thoughts on the matter. Throughout the stream, Asmongold often laughed as he reacted to YouTuber Coffezilla’s analysis of the cryptocurrency’s death spiral. The streamer echoes statements in Coffeezilla’s video, stating, “You’re betting on nothing… I think that’s funny. I really want.” At the end of the clip, Asmongold scours Twitter posts and laughs at cryptocurrency proponents who still hold onto their investments. Stream highlights are now uploaded to the streamer’s main YouTube channel, Asmongold TV.


Unlike government-backed assets such as stocks and bonds, blockchain-based currencies and NFTs have no intrinsic, tangible value. The price of a Bitcoin or an NFT Bored Ape is dictated by what an investor is willing to pay for it. Needless to say, Asmongold feels vindicated by current events, as the Twitch streamer predicted the recent cryptocurrency market crash early on. However, the cryptocurrency market is quite volatile and its future is uncertain. Previous dips have seen Bitcoin soar to new heights; however, it can also drop further.

In the gaming world, the adoption of blockchain technologies, NFTs and metaverse initiatives are some of the biggest issues in the industry. Despite the recent cryptocurrency market slump and strong fan backlash, companies like Square Enix remain committed to integrating NFTs into their games. While final fantasy 14which Asmongold streams frequently, appears to be holding back Square Enix’s plans for NFT adoption, it remains to be seen what the future holds for the company’s other intellectual properties.


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