Earlier this evening I got an alert from Decrypt that stated that a Bitcoin crash is coming but the bull market was going to survive. Naturally, this caught my attention because if a market crashes that typically means the Bears won out causing the price to fall. Well if that were the case then how would it be possible for the Bull market to survive?
After reading through the article I realized the biggest issue with it is the analyst claims that Bitcoin always crashes. While it might have done so in the past with institutional investors (ie companies) would never allow that. They would pour more and more of their money into it to hedge against inflation and the USD depreciating. This by itself would stabilize the currency and not allow a crash like people have talked about.
Bitcoin has already had a huge pullback last week and after a couple of days has successfully overcome the downturn. If I were to guess I would like that at each big psychological level like $20,000, $25,000, $30,000, etc there will be people who sell-off part of what they have to get back their initial investment and play with "the house's money".
This is not 2017 this Bull run is not just being driven by individuals this run is being fueled by corporations by companies. Anyone who knows how these companies function knows they are not reckless with their funds so if they are dumping money into an asset like this they have a reason to do so. Regular investors are also involved and this just adds to the growing Bitcoin ecosystem.
Cryptocurrencies can do so much more than they could in 2017 and 2018 they have a much larger audience because of their usefulness. Projects everywhere are bridging gaps people were unsure of how to fix further making blockchain, bitcoin, and crypto a fixture of life moving forward. For these reasons, a crash is not in the cards. Worldwide chaos breaking out and the economy grinding to a complete halt around the world is the only thing that could derail bitcoin back into the low teens at the worst. Bitcoin's run is safe and intact as long as nothing catastrophic happens!
