Hi crypto fam.
So the ECB is making some strange claims that this is Bitcoin's "last stand before the road to irrelevance," citing that BTC is down 77% from its last all-time high. How can this be true when everything that's been going around since the launch of BTC just goes against that claim?
So, to summarize, the ECB is essentially asserting that Bitcoin's end is drawing near. But it seems like the ECB's assertion is... unjustified if we consider the reasoning they've provided, as well as the present problems with Bitcoin.
AND, if you look at Bitcoin's history, it has also had some bumps in the road (2014 and 2018), but Bitcoin has had massive returns to offset these bearish years.
Do you think this bear cycle will be more severe than previous ones? What are your thoughts about these claims?
I'm just out here wondering on what basis they're making such assumptions.
Sources:
https://app.getresponse.com/view.html?x=a62b&m=BVIvsN&mc=9M&s=BtgXWnG&u=QcLhh&z=EVQsIuo&
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
So the ECB is making some strange claims that this is Bitcoin's "last stand before the road to irrelevance," citing that BTC is down 77% from its last all-time high. How can this be true when everything that's been going around since the launch of BTC just goes against that claim?
So, to summarize, the ECB is essentially asserting that Bitcoin's end is drawing near. But it seems like the ECB's assertion is... unjustified if we consider the reasoning they've provided, as well as the present problems with Bitcoin.
AND, if you look at Bitcoin's history, it has also had some bumps in the road (2014 and 2018), but Bitcoin has had massive returns to offset these bearish years.
Do you think this bear cycle will be more severe than previous ones? What are your thoughts about these claims?
I'm just out here wondering on what basis they're making such assumptions.
Sources:
https://app.getresponse.com/view.html?x=a62b&m=BVIvsN&mc=9M&s=BtgXWnG&u=QcLhh&z=EVQsIuo&
https://www.ecb.europa.eu/press/blog/date/2022/html/ecb.blog221130~5301eecd19.en.html
Hi bro all these are speculations and also wrong news. And these are the media that are manipulating Cryptocurrency industry and that sucks a lot. These are some mastermind people that are controlling this industry. And somehow these people should have to exit and this could be the new era for Cryptocurrency. That's the reason I won't believe these scam accusitions.