• There is a debate in the crypto space as to whether or not USD’s (UST) collapse is bringing the rest of the crypto market down.
• Today, David Gokhshtein (@Twitter:) hosted a live event on Twitter.
• A topic that was constantly brought up during the session was the state of global financial markets.

There is a debate making rounds in the crypto space as to whether or not Terra USD’s (UST) collapse is bringing the rest of the crypto market down. This is because UST recently lost its U.S. dollars peg, and its price has fallen below 30 U.S.cs.

To find out what the community’s thoughts are, a Twitter user by the name of David Gokhshtein hosted a live space on the social media platform today. The link to the live space was also shared by Cardano’s co-founder and CEO, Charles Hoskinson.

As the majority of the participants in the discussion were crypto HOLDers, the sentiment toward the crypto market crash appears neutral. Most seem very interested in the future of this technology.

The situation in the other global financial markets was a constant theme of conversation. The fact that cryptocurrency market events are not any different to other financial markets was a constant reminder for session attendees.

Some events that have been brought up in relation to the global financial market include the U.S. printing rate and amplified market manipulation in traditional financial sectors.

One user on Twitter pointed out that cryptocurrency can be used to cash out fiat, which defeats its purpose. The community should also remember the reason why blockchain and cryptocurrency technology were created: To introduce transparency and decentralization in the financial industry.

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