I'm inclined to say that's it for BTC. The reason being that most in the crypto space miss the big picture.
Weath does not disappear, it simply moves.
Just like in December 2017, after BTC reached it's 20k peak, wealth moved back into Tech stocks and NASDAQ which doubled over the last few years while everyone in the crypto space went insane over their favourite altcoin or BTC itself.
I think this may perhaps happen again, Tech stocks look poised to move big, and this coinciding with a 25% drawdown in BTC is too big a coincidence to ignore. Wealth moves, and perhaps we'll meet again in a few years.
Or BTC could push on - I'd be surprised if that were so but anything is possible when it comes to BTC...
Weath does not disappear, it simply moves.
Just like in December 2017, after BTC reached it's 20k peak, wealth moved back into Tech stocks and NASDAQ which doubled over the last few years while everyone in the crypto space went insane over their favourite altcoin or BTC itself.
I think this may perhaps happen again, Tech stocks look poised to move big, and this coinciding with a 25% drawdown in BTC is too big a coincidence to ignore. Wealth moves, and perhaps we'll meet again in a few years.
Or BTC could push on - I'd be surprised if that were so but anything is possible when it comes to BTC...