Coffeezilla summarises it pretty well: https://www.youtube.com/watch?v=-whuXHSL1Pg&ab_channel=Coffeezilla

How come people are not talking about this? It's the largest scam since Bernie Madoff and since we're all holding BTC we're all exposed to the risk. I expect to hedge myself against the incoming economic meltdown that's coming in ~0.5 year with crypto however it won't necessarily work because of all the mindless NPCs occupying the same boat as I do.