Inflation is skyrocketing because the governments have been printing lots of money in the past few years.
All of this money is still present in the market and the whales are just moving it from one domain to other.
The money gets revolved from one kind of investment to others. Right now everyone is scared because of the on going inflation/recession and market crashes.
So the dust needs to settle down before people start pouring their money into crypto again.
I guess it will take another 2 years for that to happen.
exactly
the money print of 2020 was not a large push out to the citizens to trickle up. the amount that went to citizens in the covid cheques was small in comparison to the money print hidden away in darkpools of institutions. however in 2022 this started to "trickle down" meaning too much money in citizens hands and so businesses raise their prices to "trickle up" that money again. and thats the inflation part
and now that people have less money but prices are high we are now in recession era