The FTX collapse set the crypto industry back a few years, so it's going to take quite a long time before BTC goes all the way to $100k per coin. Many are panicking thinking it's the end of crypto. But let me tell you there's more to Bitcoin than meets the eye. This is a once-in-a-lifetime opportunity to grab as much coins as you can for a steep discount. Once the tide is over, Bitcoin may never go below $20k again.
Remember, wealth is built during bear markets (not the other way around). I'm pretty sure Bitcoin will make a comeback sooner than later. Who knows if BTC goes even higher than just $100k sometime in the future? Just my thoughts
I do not think that it set it back for "few years", maybe few months at best. If we set back a few years anytime something went low, we wouldn't be here today and we would be doing much worse. The reality is that crypto was in a bear market to begin with and the world economy hasn't recovered neither and bitcoin doesn't have a reason to recover at the current moment.Remember, wealth is built during bear markets (not the other way around). I'm pretty sure Bitcoin will make a comeback sooner than later. Who knows if BTC goes even higher than just $100k sometime in the future? Just my thoughts
Look at stocks and how they are doing and you will see that it's not doing that great and it should probably stay that way for a while longer. I know it's not going to be as simple as "stocks go up, crypto goes up" type of deal but there is a correlation for sure and when they are both down, no logic for it to be separating now.