Im bullish on Bitcoin and hate central banks as much as the next guy but i see a lot of people comparing this latest crash to the past crashes. Sure BTC always continued higher after, back then BTC was not mainstream and had a tiny market cap not to mention the price was affordable in newbies eyes as they could still afford 1 btc and a lot less alts to choose from. Im aware that only a small percentage for people own crypto still.
Now that it is mainstream, market cap needs huge amounts of money to grow, hardly any now people to discover Bitcoin, less affordable per coin and a lot of competing alts BTC might take longer then we think to recover.
Maybe im just over thinking it, maybe im just wrong but its something to consider.
Im still hodling !!
Let me know what you think :)
Remember to upvote :)
