Ok, lets do the math, today bitcoin is $68 BIlllion USA capitalization, yep that is a lot of money.
But in 2017 the crypt capitalization was north of $800 BUILLION USA, so where did 95% of the wealth go? Did it just 'evaporate'.
Now the morons who pump&dump btc on this site are saying, ... its coming back, but how?
In 2017 they pumped&dumped btc on CHINA, USA, Europe, africa, korea, singapore, aussie, ... everywhere on earth people used their credit-cards who had no money, to BUY BTC,
Now these people have lost all their money, they still OWE on this debt,
How in the hell is it coming back??
Who in the hell is going to bring a NEW $800 BILLION USD back to the btc table??
From 2009 to 2014, ok btc bounced $1 to $400, that's fine, total capitilization was in the millions, and that was easy to replace, but now $800 billion USD is more than the GDP of most countrys,
Also the FED-RES is no longer doing QE, a lot of the money that made its way to BTC was that post 2008, the FED printed $4 Trillion USD and dumped it on the world, so a lot of that money, trickled to BTC, ...
BUT now the FED has quit QE, its no coming back.
There is NO way in hell, its infinitely impossible for bitcoin to go back to even $5k, in all probability it might stop at $1k, but its most likely to just keep drifting back to $400.
$800bn never came in to the crypto market, it probably wasn't even 1% of that number. Similaly $750bn has not left the market. If you understood how marketcap worked then you would understand that. I see you constantly spreading negativity of late here, do you have some vendetta against bitcoin? Why do you not just leave if you have nothing positive to say?
