Naturally this perspective is limited to certain people, but it’s interesting to see how many people could consider this bear market territory to be the end of crypto.
Crypto has come a long way within the last decade and survived multiple bear markets. The early bear markets didn’t have much to lean on regarding the tech and backing of blockchain. In its infancy there just wasn’t much to the eco system - yet it survived.
In this bull run crypto received literal trillions in valuation as an asset class. Massive amounts of cash and innovation hit the space, ETFs have been created for trade on stock markets, and the world’s largest institutions even felt obliged to buy.
Crypto is in a vastly different position this bear market, and equally, will be better positioned than ever for the next bull run.
If you think this bear is the end, you’ll likely be the same people buying at the top next bull run. Crypto is here to stay now, the real question is how it consolidates itself as part of the world.
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