Bitcoin is about to go through a bloody year. A number of unexpected events have prevented the Bitcoin market from ever moving upward this year. Dozens of unexpected events have struck fear into the minds of investors. Starting with investors, governments and central banks have taken a cautious stance on Bitcoin. So we are almost at the end of this unexpected year.
Some Bloody Events 2022 & Funds Exploits- Mango Exploit : $114-115M
- Wintermute Hack: $160M
- Beanstalk Farm Hack: $180M
- Nomad Bridge Hack: $190M
- WormHole Hack: $320M
- Ronin Hack: $600M
- Voyager : $3.75b
- BlockFi: $4.5b
- Celsius: $4.5b
- Genesis Bankrupt: $5b
- 3AC implosions: $18b
- Luna/UST crashed: $40b
- FTX and Alameda Crashed: $40b+
The above shameful scam has completely negative impact on the Bitcoin market in 2022. We all hope that such incidents do not happen in cryptocurrencies in the coming years.
It's really scary to see this, and I really hope that 2023 will be a good start. There are really too many events happening in 2022, and there are many not-so-good things.
I am waiting for a more suitable entry opportunity.
