Since 2021 when the price reached an ATH of around $69k, the market now looks difficult to rise, especially since there have been big cases like LUNA and FTX which have made many people afraid to invest in cryptocurrencies, and in my opinion if there are no top influencers like Elon Musk in 2021 then it will be difficult to see the market rising again, and our hope is that perhaps a halving day will occur at the beginning of the year, and if it cannot rise it will be even more difficult in the future.
I see that you are not writing the essence of a market here, but rather about market conditions that have occurred before, because you yourself still remember the cases experienced by Luna and FTX, which have begun to be forgotten by a small number of people. I don't think the big increase that occurred in 2021 was due to Elon Musk because I think that that year was the time for Bitcoin and other cryptocurrencies to increase a lot in the market.
This was due to the interest of many people in buying and not selling in a short time so that market conditions often looked green that year even though Elon Musk himself also did extraordinary things that year so that he became the center of attention of many people at that time. Meanwhile, for now and next year, I think conditions will be more different from last year and also from 2021, so there are still difficulties in providing more precise predictions.
It is true that it is not completely influenced by Elon, but it must be admitted that Elon Musk's influence on the crypto market in 2021 is quite large so that his impact to date, Elon Musk is a celebrity known throughout the world and what he does will have an impact on his followers to be interesting. for other people. So many people are getting involved in Crypto because of the influence of Elon Musk.
It's not fair if we keep remembering what happened to Luna and FTX because it was a long time ago and I'm sure many people have forgotten it, but to be fair we have to see overall that market growth is quite positive as time goes by which indicates that more and more people believe in it so as to strengthen current market conditions.