In the month of June and July, lots of FUD spread due to the bear market and how the price of Bitcoin was affected. Those who still believed that Bitcoin can never be devalued nor crash bought Bitcoin when price dropped to $17k and if they had sold on July 30 2022 with Bitcoin opening price of $24,581, they would still have made have made $7k+.
In cryptocurrency, Bear and Bull market will always come, but some people are only concern about the bull market but always cause FUD when bear market begin.
Bitcoin price On June 10 2021 was $36k+, same day an expert of crypto-asset said Bitcoin could surge to $1 million in 6 years as it becomes more scarce than gold (https://www.kitco.com/news/2021-06-10/Bitcoin-to-surge-to-1-million-in-6-years-as-it-becomes-more-scarce-than-gold-says-crypto-asset-expert.html#:~:text=Interviews-,Bitcoin%20could%20surge%20to%20%241%20million%20in%206%20years%20as,gold%2C%20says%20crypto%2Dasset%20expert ). Five months after then, Bitcoin grew over $68k (https://time.com/nextadvisor/investing/cryptocurrency/bitcoin-price-history/amp/). That has given me the reason to see that Bitcoin will be as scarce as Gold in years to come.
