RE: Bitcoin Price Breaks Key Support Level
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Well, I'd think that as long as BTC and pretty much the whole cryptomarket behaves as a copycat (a copyscaredycat 😉) of the fiat based markets, the whole 2022 is looking veeery bad. With China entering possibly the worst economic crisis of its history, inflation just beginning to rise worldwide, quantitative easings having become a heroin equivalent for the banking system just before its suicide, and supply chain disruption now converted into a routine, what could really be worse as far as economic perspectives are concerned?
It's time for cryptos - at least the autonomous ones (the genuinely decentralized ones, like BTC, ETH, DGB, XMR,...) - to decouple from that fiat inflated economy of disasters.
Maybe these are all the ingredients for crypto to finally break free on its own path.
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Possibly, yes! Let's contribute to make it a reality 🙃.
Here in El Salvador I usually mention that even if the BTC equivalent in fiat comes down to $5k, we'll not feel it much, cause it's our national currency, and it means that the price of everything will be dipping, from meals to transportation (well, on the bus lines where Lightning Network payments have already been implemented).