For some reason, Elon Musk stopped tweeting about DOGE and even Bitcoin, making people lose interest in crypto these days. Add to this the China miner ban, and regulatory action against Binance exchange and you'll see why the market hasn't gone up that much within the last 2 months (approximately). Bitcoin is still struggling to reach a new ATH, while ETH doesn't get past $3k per coin.
Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.
Bitcoin doesnt need elon musk's tweets or support to grow,Yes they often result in a small pump caused by the hype of those tweets but generally speaking bitcoin did great before elon musk was even a thing and will probably continue to due so without him.Sometimes I wonder if the crypto hype is over. "De-Fi" and NFTs are still a big hit, but interest/demand seems to be slowly declining. I'm guessing the next Bitcoin halving will "revive" the hype. But there's no guarantee this will happen since crypto behaves in many strange and bizarre ways.
Do you think the crypto hype is over? If not, why? Your input will be greatly appreciated. Thank you.