We woke up with Bitcoin at $16,500 after a difficult week in which we had a lot of news and rumors in the crypto world

We woke up with Bitcoin at $16,500 after a difficult week in which we had a lot of news and rumors in the crypto world. After the FTX debacle, many ex-Ghanges are rushing to show their reservations or trying to do so. I am moving everything I can to decentralized exchanges.

As always when something similar has happened before, the voices that speak of the end for cryptocurrencies are loud, but above all the voices that speak of regulation are loud. It is clear that the time is getting closer and closer when governments are going to reach out and try to control it.

The next few months Bitcoin is going to experience a situation that it has never faced before, an economic recession. In principle, this may make us think of a lack of capital for investments, although we must bear in mind that there is a lot of capital waiting for the moment to buy and everyone will enter when the markets hit the bottom, or at least they will try.

The most pessimistic predictions I have found place Bitcoin at $10,000, although most speak of $13,000 as the floor. I don't think anyone can trust any prediction right now, there is a lot of news about the scope of the fall of the FTT token and those affected.

By the way, I think the next wave of crypto enthusiasts will be the final one and it will come after the next bullrun, at the end of 2024.

Cryptoword

Honeygain

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