Global economic crisis and bitcoin.
We all know that Bitcoin is a high-risk asset.
Whether we like it or not, we are already in a global economic crisis, and perhaps a global recession awaits us. It is foolish to assume that Bitcoin will take on new heights during the crisis.
All investors know that during a crisis, the best asset is cash because after a fall it will be possible to buy shares of companies at very attractive prices. The same goes for bitcoin. Now, many bitcoin whales go out in cash (usdt, usdc, busd) to buy an asset at low prices, therefore, this amount of USDT is printed.
In my opinion, we expect another strong drop to 1200-1900 dollars for bitcoin. Wait and see, be careful.
Whether we like it or not, we are already in a global economic crisis, and perhaps a global recession awaits us. It is foolish to assume that Bitcoin will take on new heights during the crisis.
All investors know that during a crisis, the best asset is cash because after a fall it will be possible to buy shares of companies at very attractive prices. The same goes for bitcoin. Now, many bitcoin whales go out in cash (usdt, usdc, busd) to buy an asset at low prices, therefore, this amount of USDT is printed.
In my opinion, we expect another strong drop to 1200-1900 dollars for bitcoin. Wait and see, be careful.
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