Re: THIS CRASH IS DIFFERENT than previous crashes... The FEDERAL RESERVE is why....
I also REALLY thought that institutional money going into Bitcoin would change everything 
Institutions were starting to get very interested in the run up to Bitcoins highs... But that is not going to happen now, almost no institution is going to risk it now that they have seen a fast crash and Bitcoin losing more than 66 % of its value...
Michael Saylor will most likely be getting a margin call soon that will collapse Micro Strategies. This will be a giant, red flag, massive warning to any company thinking about investing in Bitcoin.
Institutions were starting to get very interested in the run up to Bitcoins highs... But that is not going to happen now, almost no institution is going to risk it now that they have seen a fast crash and Bitcoin losing more than 66 % of its value...Michael Saylor will most likely be getting a margin call soon that will collapse Micro Strategies. This will be a giant, red flag, massive warning to any company thinking about investing in Bitcoin.
I never did. I understand the excitement behind it but institutional interest in Bitcoin actually quietly ramped up in 2016, and all the way up to 2017. I only got clued in because I was just starting up my freelancing at the time and there were curiously a lot of jobs with PEs and hedge funds and offshore companies readying themselves up for a toe-dipping into Bitcoin (not crypto, mind you, Bitcoin).
These guys weren't going to wait for some ETF to get in and load up!
They are what caused the 2017 top, and ensuing crash over the next 2+ years. So point is, they already saw a crash, lived through it, weathered it, and then other institutions became public in the last rally.
66% down? They've lived through 85%, they expect it.
You'll still get the stragglers coming in for the next rally, before the behemoths of old money also shake the dust off and concede.