One expert says that if economies don't hold up amid these hikes, Bitcoin's price might plunge further to about 70% of its current price, which is around $8000.
An expert with a crystal ball? 🔮
What I can tell is that people will be afraid. Most people will be afraid to buy more, and they will wait prices get back to 50k to buy again.
In a bear market like this fear is everywhere. Every news is bad news.
This is when we should be brave.
That's just the truth of the bear market. It is a time that test the faith of most crypto investors on there investments and sadly, many break and tends to sell at a lose. This shouldn't be the case for one who is sure of the coin or project he or she must have invested in.
Fir sure bear market presents a project, be it bitcoin and otherwise fine be in shambles, to make it seem as though antibitcoins or anti-cryptocurrencies are winning the way against a digitalised means of transacting but the reverse is the case.
In fact, it is a time to identify the opportunities in the crypto ecosystem and buy more. Buy and hodl for the market to appreciate once more. Be brave when others are scared and your sure to lead the way some day!