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.
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.
Even if Elon Musk or any famous richest man/woman in the world gives a bad remark on bitcoin, I don't think that it'll be a huge impact on bitcoin to drop or maintain its curb. Only those fool who followed them are losing interests, don't forget that they're just using their names to give impact on the industry or market for them to ride and have as much profit they could have.
As you see even if China (another supercountry) bans every transaction or use that connects to bitcoin, bitcoin market wasn't that much affected.
Surely this hype is over and another hype will come and take over in the near future and many other countries will join and legalize bitcoin in their respective countries.