The Second and Final Crypto Crash
In anticipation to what would be a hectic week
The bear market typically doesn’t conclude until we get that biggest price drop of price worth the legendary status until years later. We had that last cycle in 2018, which was then followed by the 2020 black swan covid crash.
Safe to say we already got the first 2018-style 50% crash back then when FTX blew up and Bitcoin reached a 16k price point back in November 2022. Now we are waiting for the second one.
2018 = 2022, 2020 = ?
There is an eerie similarity between the 2018 and the 2022 crash, in a way that it is more of crypto own-industry induced than says, macro. It is a distinct crypto event and not something caused by a boarder market crash. Yes, it was preceded by the FED raising rates but the final nail in the coffin was presented by none other than our own Sam Bankman.
Both 2018 and 2019 crashes were also the first “shock” after the all-time high. The first lowest of the low.
Both were also followed by a pump that gives the illusion of “we’re going back” for months, when typically, there’ll be…
