Whenever MicroTragedy gets margin called out of the market.  It will happen.  I’ve been calling this bear market since last year and we’re heading sub $20k.  I don’t think sub $10k but somewhere in between $10k-$20k is the bottom in this cycle IMO.  This is just the beginning, as we slowly see tech companies stagger… first Netflix, then Snapchat.  Coinbase stock is more of a bargain now than bitcoin, though even that could dip harder with the rest of the market.

Since the institutional move into crypto, it really moves with the markets, aside from the occasional good/bad crypto news that carries it off that general trend.  But you can predictably see how the western/global economy is weighing on crypto lately.  We will face a market crash in the US and that will wipe out Michael Sayalator.