How Bitcoin and Other Crypto Keep Escaping Extinction After Crashes and Bubbles

Rick Martin should probably be out of work. The 33-year-old entrepreneur co-founded a crypto start-up called Decaf in early 2022, diving into the industry just before a $3 trillion bubble burst, ushering in bankruptcies across the crypto world.

Today, he is still plugging away, among many others in crypto. At a “hacker house” event in Austin, Texas, Martin mingled with dozens of other enthusiasts, all talking excitedly about their apps. “This technology is superfast, supercheap, and I think it’s ready to replace financial infrastructure,” he said.