Possibly. The interesting thing about the bubble is the money never really existed anyway. It was just fake virtual "money" backed by nothing and disssolves in a puff of wind.
or it was the fastest money you could turn over in a real black swan emergency to fill your 'likely everyone's" empty emergency fund!
So what MAY happen now is after the fed continues to pour money into this? (the pundits say on Monday's dump of cash will be $2.5 Trillion USD in less than a week)
and the rest of the world doing the same. You may see less than enlightened despot type countries pull the same thing as Cyprus in 2013 and India.
Limit cash withdrawals in developing countries..can't move your money out...those same countries printing money in mass as well, etc, etc.
Inflation comes back, you know the saying if the USA has a recession the rest of the world has a depression..or at least in the developing countries.
So, you can't print this much $$$ needed or not and have or continue the massive tax cuts, etc in play in the USA and of course don't forget MORE qualitative easing
(printing $$) outside of just helping wall street. This will indeed be the year, 2020 when we find out if BTC/Crypto IS just a speculative asset like all the rest and will
take years to recover from or that BTC/Crypto does have the 'chops' to act, even in a limited way, as a store of value as everything hits the skids.
we will see I guess..but why I'm still HODL'ing (then again I'm boring and old in 15-20 years likely will be drag'd off to the nursing home..so what do I care in the long run)
make your own decisions...but with age and the pandemic if BTC goes beanie baby it does not even make the top 3 of crap things I don't want to happen.
see..grumpy old man powers do have their uses
brad
Better to have panic sold at $4.5K, with the likelihood of having the opportunity to get back in, then to have held on til some lower level and panic sold then. I think everyone should panic sell once, in order to learn from the mistake. Better now than later.
