Assets are all joined at the hip. Gold. Equities. Bitcoin. It’s all the same. They tend to move up and down together. Because of that, crypto merits respect, even if its own wanderings are just an approximation of what equities are doing. Here’s the thing that’s important to remember: in spite of all the lunatic price projections for Bitcoin over the years, the price is lower NOW than it was 41 MONTHS AGO. Yep, buying Bitcoin in April 2021 would have yielded you a loss after all this time.
More germane for the present, BTC has still been engaged in a series of lower highs, which is the very essence of a downtrend (albeit a recent one). Don’t count on BTC to save the day anymore.
