Bitcoin is the power of the crypto market.
If Bitcoin goes down everything follows.
If Bitcoin goes up the market follows.
In terms of projects If Bitcoin powers the crypto market you need it to be strong. Anyone involved in crypto altogether will tell you that bitcoin is the power of the whole market.
So for web3 projects and nft projects you can't extract the full value from games ect in a down crypto market. If Bitcoin powers the crypto market the first part of bull run or stronger market conditions is Bitcoin going up.
So for Misfits for example the cause of the project being held back was the down crypto market. Bitcoin crashed from 70k aud to 30k aud then ftx crashed it to 25k aud. Then all alts and market followed Bitcoin down, down and down. The project was calculated to earn around 8m imo in a down market you would be lucky to extract 4m imo. So it is big in terms of web3 and crypto projects also extracting full value.
Most charts in crypto are showing down market conditions until lately.
If you launch games say Web3 games and nft projects you might not extract full value in a down market.
So via holding projects back until conditions are better you actually make more money or extract more from the project.
Bitcoin is the power without that going up the whole crypto market stays down.
First step has started if it keeps going up you should see projects launching in 3 to 6 months.
The recovery of the crypto market as a whole has started.
Boom
All in my opinion.
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