They say that those with no appreciation for history are doomed to repeat it.
The truth of that idiom has never been more evident than in the fallout from the recent Counter-Strike 2 update, which crashed the CS2 skins economy.
$2 bn was wiped off the Counter-Strike skins market cap in a single night, with the market falling by another $500m since yesterday.
The market has fallen from a record high of $6.06 bn to $3.08 bn in just two days / Image Credit & Data: PriceEmpire
As with every real-world market crash, investors are searching for lessons to take away from their losses.
Continue reading Counter-Strike skins crash has exposed the unspoken truth of the skins economy