Real vs. Digital Gold: How Does Crypto Survive the Bear Market?An analysis of the recent dip in crypto (and stocks as a whole), similarities and differences from the 2017 rally (and crash), and how it might affect the trajectory of the crypto ecosystem as a whole.
The money leaving the space currently is likely mostly from traditional investor types who probably saw the NFT/crypto craze in the media and got curious, but got spooked by recent news about inflation and increased interest rates by the Federal Reserve. This is why we see a pretty clear pattern groups that correlate performance with mind-share and media presence (traditional stocks, major coins , and altcoins).
Gold - real gold, not traditional - on the other hand, is doing really well right now since it is often touted as a hedge against inflation and that seems to have panned out. But we don't see the same pattern emerging with Bitcoin today - a coin that has long argued that it was basically "Gold 2.0". Is the idea that Bitcoin is a hedge over, or is it just beginning?
As an aside, I compared CryptoKitties with the more recent Bored Ape Yacht Club project and found that the two projects were very similar - almost identical, in a way. History does repeat itself, it seems.
