I was just thinking about the last bull run, and I've come to realize just how many things had to fall in place at the right time for it to happen.
Covid catalyzed it by completely surprising us with how fast it spread. Which in turn made the FED print 3$ trillion to avoid a financial and a healthcare crisis. Do you have any idea how big that number is? that is one fifth of the dollar supply, and it was printed just in one year! People had so much funny money than to know what to do with and they put alot of it in Crypto. The market was worth 2.9$ Trillion (strangely close to the amount of money printed in 2020).
But with the economy heading towards a possible recession, the damage done by FTX on Crypto, and the regulations that will be enforced as a result; Do you think the halving of Bitcoin will be enough to make the Crypto market ever reach that high again?
Not Fuding, just looking for insight.
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