Bitcoin At $10,000? Not A Chance. Here’s Why…

Over the past week I’ve seen way too many posts about $10,000 Bitcoin. Some even make predictions for $7,000 or $3,000 (wtf?!) Indeed, the market turmoil reached a new peak with the controversial collapse of FTX and the hundreds of smaller players that were under their umbrella, including Blockfi and Alameda (and more).

Even Solana (SOL) wasn’t spared and is still struggling to recover from the market fear. FTX was a big platform for Solana-based stablecoins, so naturally, it felt the ripple-effect of the demise of the second-biggest exchange worldwide.