....it's not about the covid- it's about the banking collapse- liquidity (which is ALL crpyto is), is gonna get sucked out of the system to service other debts/purchase tangibles- commodities.
Crypto - even since bitcoin started- has been in a quantitative easing orgy- lots of cheap /free money - and that is stopping very soon...
By sept 25 probably
Maybe privacy coins will be the new black market cash...maybe, we shall soon see.
CRYPTOS ARE NOT A VERY BIG PART OF THE ECONOMY, JUST A DROP IN THE OCEAN
....indeed they are not - and the straw that breaks the camel back isn't very heavy either....
imagine if it was' mathematical balancing ', using crypto to soak up/liquidate as and when - all to just keep true price discovery ,from happening...
You don't need a big market - you just need a fulcrum...
“Give me a place to stand and with a lever(age), I will move the whole world.”
...brackets added to Archimedes' quote...
dont worry - i'm nervous enough for two
lol...time will tell, as they say....
(I've never spoken to 'they' directly, as yet, but he doesn't half put his nose into a lot of things)