Cryptocurrencies at crossroads after annus horribilis

FILE PHOTO: Representations of cryptocurrencies plunge into water in this illustration taken, May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

SINGAPORE (Reuters) - To borrow from Britain's Queen Elizabeth, 2022 is not a year on which the cryptocurrency world shall look back with undiluted pleasure.

Crashes, contagion, collapses came in such quick succession that investors were, towards the end of the year, asking serious existential questions.