just like the 90s dot com crash, you have many people who lost money, instead of dot coms its coins, every other day in the 90s a new dot com opened up just like the coins now that comes out
its going to take a new generation of people to invest in crypto. I predict a 4 year bear market where its going to be like this for 4 years. there just isnt enough investors anymore
It's a bit like the 1990s dot com crash.
People know that crypto is going to be a promising investment, but they cannot accept it yet. So yes, it is going to take a whole new generation, just like internet stocks in the 1990s. But, just like the dot com stocks, I think cryptos will prove its worth in the long run. If you invested at the peak of the dot com bubble into amazon, you still would have gotten over 1000% returns now compared to 20 years back. Unlike stocks, crypto prices does not depend on the revenue that it generates since it's not a security.
I think you're overly bearish, however. I'd say there's going to be a bear market of around 1-2 years, I don't think it's going to be 4 years.