Despite the tightening of the money supply and bleak economic outlook, crypto is currently way too undervalued for the bull run to be over yet. If BTC had hit 150k, I'd probably agree with the sentiment here, but this is not the case. BTC peaked at around 70k. The market cap is way too small for what BTC already represents for the world economy.
Here is what I expect is gonna happen. The stock market will continue to struggle while investors will look for alternative investments. Since crypto is extremely undervalued, it will decouple from the stock market soon which will create a positive feedback loop, where the more investors move from stocks to crypto, the better crypto performs, which will result in more investors turning to crypto.
Most people who think crypto winter already started have already sold or wouldn't have sold anyway.
Therefore the rest of the year is going to get exciting.
Just my 2 Satoshis.
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