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.
When everyone else is in panic and fear, then let's all become greedy just this once. No one gets to take advantage of the bear market when all is feeling hopeless and losing, so let's not stay that way. Instead, let's buy more bitcoin as there is still a big opportunity in front of us. When bitcoin price drops down to $8k, i think that will be the best time to buy. Regardless of how people will perceive it, as for me i will never keep my eyes out of sight from bitcoin.