Rapper Snoop Dogg Believes The Crypto Industry Will Bounce Back!
The crash will “weed out” the bad apples, Snoop Dogg said of the crypto industry. And he has the right to speak.
This week, rapper Snoop Dogg spoke about the crypto crash in an interview with CNBC, explaining that he believes the cryptocurrency economy will recover. Snoop said he feels the crash “wiped out all people”. And they shouldn’t have been there in the first place.
Snoop Dogg: crypto industry will recover
The rapper is a serious investor in both cryptos and NFTs. That did him no harm. Snoop says crypto crash is transitory and great opportunities will follow. He thinks the current crypto crash is temporary and the ecosystem will recover over time.
Speaking of NFTs, Snoop said what drew him to the digital collectibles space was the ideas of intellectual property (IP) and “being able to own and control the entire IP and not be used as a marketing tool.”
beautiful industry
“It’s crypto… It’s crypto, you know that, right?” Snoop said jokingly to the CNBC reporter. “I feel like it’s a wonderful industry that has emerged. I feel like every great industry has a downfall, there’s always a depression in every industry that you can look at. Alcohol, tobacco, clothes and food,” the rapper added.
Snoop went on to comment that he thinks the crash will rid the industry of bad apples. The artist and entrepreneur emphasized: I just feel like this has removed all the people who shouldn’t be in that space and all the people who took advantage of the opportunities that were there. Now it’s going to bring great business, and in the future the market will have great things to choose from.
