A hopium tank hooked up to reality.

You want hopium? Here's some that may not feel like it, but amidst all the current uncertainty it qualifies. Do we know when the true bottom will be? No. Has it already arrived? Nobody can answer that with certainty so we dunno.

Here's what we do know. Before FTX ever happened the crypto market had already fallen by over 2 trillion dollars. That's more than two thirds of the entire market wiped. We know this is due to the fed tightening monetary policy to fix inflation. A simplified way of explaining this is that in 2021 we had a massive bullrun that saw Btc go from under 10k to nearly 70k and it obviously dragged all the alt coins to the moon with it.

This was only possible because the money printer went brrrr and large institutions and hedge funds with billions of dollars could borrow money at an interest rate of 0-2%... This means they could play monopoly with billions of dollars.

Now inflation needs to be brought down and speculative assets like crypto won't be attractive until the inflation is brought much closer to 2%. The best part however is that there WILL be another bullrun, despite everyone telling you nobody knows. Ultra rich people will always wanna gamble, and once the technical recession is dealt with somewhere later into 2023 the money printer will once again brrr us to the moon.

The same people acting like we're in the great depression also won't tell you that billionaires move the market not average joes. Once conditions are favourable to take on debt again the bullrun will be back again and the next one will probably be the mother of them all because of regulations and such and crypto becoming a more entrenched idea.