With all due respect, I beg to disagree. The economy is far from fine. It is about to crumble down. The current problem is not just about people having no money to spend. It has also become a problem where to spend them. Shops, restaurants, shopping centers, bars, and so on are closing.
And not just these kinds of businesses. Even factories and manufacturing centers, hotels and resorts, airlines, casinos, and many more are also closing down. People are not earning anymore.
BitCoin grew up in an ECONOMIC BUBBLE, where virtually all assets were going up. BitCoins PRICE CRASH in its first economic crisis should worry everyone
The economic crisis will last for many years, yes worse than the GREAT DEPRESSION. It is impossible to predict, BUT, if BitCoin continues to react this way to an economic crash, BitCoin is DONE, going down to almost zero.
Hard Facts
BTC has recovered from 3900 price point to 6500 and had a 15% difficulty adjustment in favor of miners.
That is about 1.91x better for a miner . Seems like the hardfacts are once again a soft lie.