I know at least one freelance designer who hasn't been paid for a 3 month project because the company was overinvested in cypto and apparently can't make payroll this month. I know of two other companies that have suddenly shifted plans due to the drop - one that was opening a new office and another that was planning to take on about a dozen new staff. I've got a friend who joined a firm with a crypto-component in August and he's probably looking for a new job now.

It might not be 2008 but it's having real consequences out here.