Definitely this year has been quite complicated for the whole crypto environment, that is evident. Starting with the fact that cryptocurrency prices since the beginning of the year have been in steep decline. Prices continue to fall and fall, and do not seem to want to go up, at least not in the short term. If we add to that the fact of the falls of the Terra Luna project, which started what was a process of even stronger fall in every way. It has even affected the credibility in many people in relation to everything that involves cryptocurrencies in general. Recently the fall of **FTX** due to the mismanagement of funds, as we can see a great scam that is being uncovered, and unfortunately continues to threaten the stability of this new financial system. ![image.png](https://cdn.steemitimages.com/DQmaHW38Ssb9AmYkowS4kibSz3roji9Hy28rYNk1vYKmUBY/image.png) _{[Source](https://pixabay.com/es/illustrations/anal%c3%adtica-informaci%c3%b3n-innovaci%c3%b3n-3088958/)}

This is all a process of decline that I believe is not yet over, because as time goes by, other centralized exchanges are being affected by what has just happened. And most probably, according to what we can see, others will continue to close their doors as a consequence of the bankruptcy of FTC and previously Terra luna. What I see with all this is that it will serve to encourage initiatives by governments to place restrictions on the use of cryptocurrencies, but the problem, as I see it, was not the cryptocurrencies, it was the use made of them by a few agents who, like any other bank, made use of the resources of its users. The same thing would happen in any centralized bank, where all savers would massively attend to withdraw their money, none would have the possibility to return all the money to each one, which would obviously cause a fall of that sector, in fact, this has already happened in other opportunities... ![image.png](https://cdn.steemitimages.com/DQmQ6uUfkiG75jZY7d3hQassgc6q1HcFbHyJGw8zhFiWCvq/image.png) _{[Source](https://pixabay.com/es/illustrations/bitcoin-btc-criptomoneda-1813503/)}

In particular, I will insist in saying, centralization failed, but not decentralization. The whole blockchain kept going, especially the Bitcoin blockchain. Even Laurence D. Fink himself, director and CEO of the world's largest corporation BlockRock said *"despite all the problems that arose after the fall of the FTX exchange, the technology behind Bitcoin "will be very important. "* And this referring to the Blockchain. I think there is still a long way to go, obviously, there is a lot of immaturity in the crypto market, the small capitalization if we compare it with the traditional economy, makes it more sensitive to manipulations, but still, I think it will continue to evolve, and it's good to be here.... **Don't you think?**

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