A lot of people are asking themselves and others when Bitcoin/Crypto is likely to bottom. In my opinion, only when most or all of these things occur:
- Interest rates stop going up and inflation falls to a manageable level
- Micro Strategy gets margin called/liquidated
- All gains since covid have been lost
- Investors really feel the pain; i.e. 90%+ down on their crypto portfolio + 25-50% down on their stocks. Little dry powder left because they've bought every big dip since Bitcoin was 60k.
Only then will Bitcoin 'bottom'. And then it needs to take the stairs back up if its still has its legs... The 5x or 10x run in 18 months is finished. It will take years to decades or never to reach its highs again.
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