Why the FTX collapse only? Don't forget before it, we already have wars, other economic crises and then the main thing would be the bear market. The price fell down and it made it look like we are back at the early years of BTC but it didn't take away our progress. The people's awareness about BTC is still twice bigger than what we have on the past. Most of them will re-enter BTC again once some things have sorted out.
This is why I do not think it will take time before we recover to our last ATH and after it, we will slowly create a brand new ATH. We will soon get to that $100k most of us are assuming of but for now, all must prepare a fund for stacking more coins.
This is why I do not think it will take time before we recover to our last ATH and after it, we will slowly create a brand new ATH. We will soon get to that $100k most of us are assuming of but for now, all must prepare a fund for stacking more coins.
Indeed. A lot of negative events have impacted crypto market prices. 2022 has been a very bad year for both crypto and stocks (especially for crypto). It's going to take quite some time before we see any signs of recovery. First, confidence into crypto assets needs to be restored for demand to soar like crazy. And second, the global economy needs to recover back to the way it was. Unless these two issues are sorted out, don't expect to see a new ATH in price anytime soon.
At least, we know Bitcoin won't be going anywhere. That's thanks to the way it was designed. Satoshi never intended Bitcoin to be used as an investment tool anyways. It was always meant to be used as a currency. Maybe some day we'll forget about the price, and use Bitcoin for its intended purpose? Just my thoughts
