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When asked why this is the case, he explained that for most of these users, their investment thesis – if you hold them long enough, you will get an appreciation of wealth – has been playing out despite the market downturns. These users were “kneecapped” by some bad actors, but as they start to get their assets back, many of the “hardcore users” won’t likely sell, he said. Di Bartolomeo added that this is when they turn to the lending market to use their assets for borrowing and lending.