Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
The interest rates and the era of the big crash of Lehman Brothers, where some even UK banks collapsed (Northern Rock, Kaupthing Isle of Man and others) - during this time the investors, the hedge funds, the institutions - they got used to "cheap money" i.e. printing money endlessly, with 0 interest rates given.
There is no doubt that the rampant fiat money printing helped to drive the last bull run up to $60k, but it is hardly the only reason. Sure, without it the price will dip as we are seeing, but it isn't going anywhere near zero. The fundamentals of bitcoin haven't change and bitcoin will continue working just fine.These are safe returns, and can be speculative (i.e. you don't only gain 3%, you also gain appreciation of the currency), nonetheless 2.8% in 1 year is quite nice, it sounds low for many but the era of "cheap money" is pretty over.
When inflation is 8.6%, your 2.8% returns are actually a ~6% loss.Here's a fact for you. The entire cryptocurrency market isn't completely dependent on the US government or the Federal Reserve even though it does get influenced to a certain extent now and then.
Nope, sorry. America is the only country in the world. Everyone knows that. 