Don't let this chart fool you…this is not the bottom…we may be going into a bear market rally.
Just wait a little while longer to buy, because you can get Bitcoin and crypto at a far cheaper price in a couple months or so, if it takes that long.
This bear market won't last forever. Credit contractions and bear markets on average for the past 150 years in the US S&P 500 took about 18 to 24 months to play out…from peak to trough.
There are exceptions to this; 1929 to 1932, and 1937 to 1942. There were other externalities that were involved with these years, the Great Depression (29 to 32), which was mostly a credit contraction, and the 1937 to 1942 bear market, during the Second World War…lots of volatility in global wars...because you don't know who the winner is going to be.
Bottom line, keep your powder dry (meaning keep a lot of cash on hand), until credit expands again, which will be determined by central banks keeping interest rates the same or lowering them; and they stop selling debt.
Stay frosty people and solvent.