Anyone following the crypto space might be quite shocked in these times due to the sudden nosedive, led by the lead currency Bitcoin.

As mentioned in my article above, crypto is moving into the mainstream and therefore being regarded like other assets and so loosely connected with the stock markets such as the NASDAQ. These are all in bearish movements right now due to the problems of global supply chains (artificially manufactured!) and the sentiment of increasing interest rates (due to inflationary money printing in previous years). Bitcoin has been predicted by leading pundits to plunge to $20,000, which it is nearing right now. Will this be the bottom? I'd say we're close, but only time can tell.

Plenty of the various cryptos will likely fall by the wayside in this shake-out. And other shockwaves (such as the Celsius one) are likely. But I would remind all how reminiscent this is of the dotcom implosion around the turn of the century. It didn't stop global adoption and the massive growth of companies like Amazon.

For me, I still maintain crypto is a means of bringing light into the old financial system and transforming it. Just like the internet transformed supply chains and the retail industry, crypto will do just the same to the financial sector. When this bear market does hit the bottom, it will be an amazing opportunity to get into the space. I see major growth opportunity providing we have a longer term view - at least 4-5 years.

Stay long, stand strong!

Open 🙏