[esja]

A lot of mainstream banks felt uncomfortable about getting involved with crypto. But at the tail end of a monetary bubble when everyone is chasing yield, the pressure from your board, your major investors, and your trend-following employees can be impossible to resist. It's just easier to go with the flow. But after FTX, the hype is dead and they can quietly shelve their projects and move on.

Worldly wisdom teaches that it is better for reputation to fail conventionally than to succeed unconventionally. — John Maynard Keynes

Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one. ― Charles MacKay