This year has truly been the most pessimistic year in the crypto world. ICOs and token issuance projects have completely died out. The entire ecosystem surrounding token projects—exchanges, VCs, incubators, marketing, airdrops, and more—has undergone a reshuffle. It’s the biggest upheaval the crypto industry has ever seen in a single year.

Almost no one around me is trading cryptocurrencies anymore; everyone is trading stocks. Nearly no one is starting new projects in crypto; they’re either lying flat or switching to AI.
I just spoke with the head of research at a compliant crypto fund in Hong Kong. He’s still pessimistic about the upcoming market. He believes there’s over an 80% chance Bitcoin will fall below $60,000, possibly dropping further to $50,000 before showing any signs of a rebound. And remember, this is just a rebound, not a reversal. Bitcoin’s price in the second half of the year could fall beyond your imagination!
However, I completely disagree with his view. I still, as always, naively believe that Bitcoin will go up. Even if $60,000 isn’t the absolute bottom, it’s at least a relative bottom!
#BTC