If you told people in April that BTC would be under $48k and Eth under $3800 on 12/31 people would have said you were totally nuts and dumb

Which leads to a really important question, where is the money going to come from to get Bit out of this stagnation?

You have three points working against it:

1. Tether is under heavy fire. There is great evidence that Tether has been responsible for much of bitcoin’s growth, through all their bullshit fake money printing. Now are under intense scrutiny, and with $80 billion already printed, how much higher can they go without the hammer really coming down.

2. The rise of alt-coins. Let’s face it, there are dozens of well built, more fun, more useful, faster, better, higher profit potential coins out there. Bit is already around a trillion value. Ethereum is only one doubling away from that as well. Every dollar spent on a top tier alt or bottom rung meme coin, is one dollar not spent on Bitcoin, which was nowhere as big an issue in previous years.

3. Bringing in new outside money. Where is this money coming from? Institutional investors? That seems most realistic. I think most maxis need to get over thinking their grandmas are gonna be using crypto to pay for their hip replacement surgeries in a few years. Crypto and all its risks and uncertainties and complexities will never replace fiat and it’s ease of use and FDIC insurance and bank anti fraud protection. And 6 points of inflation for two quarters or 2 points on average over time will not change that.

Happy New Year and here is to a useful, profitable and fun 2022 in Crypto, despite the headwinds.