/biz/ - Business & Finance

Yes crypto is getting a beating now, everyone is panic selling, and the price is just crashing. There's huge inflation and people need cash to buy overpriced groceries, they don't need the uncertainty of these risky assets.

But...

At some point there will be a strong institutional support and we are already close to that: https://www.tradingview.com/chart/BTCUSD/shXdWolS-BTC-massive-historical-support/ and the price will start to stabilize again. It will start to have a little but constant gaining. However, this time, thanks to the huge inflation, people will realize that now that BTC has support it's more advised to keep their money in crypto than in fiat money, which is constantly decreasing in value, and everyone will buy cryptocurrencies, and the crypto market will glow again. Bitcoin was designed for a financial crisis like the current one.