in my opinion, seeing the economic situation this year is very bad for Crypto. The magnitude of the influence of Korea, China and Japan regulation has a major impact on crypto.
What do you actually classify as a bad situation? The fact that the market has been growing over the years consistently or the fact that there was a time bitcoin was a lot far less than a dollar and now the market is attempting to create a bottom at $6k? Come on bro, we need to get one fact straight; you basically see the negativity in the short term because that is basically what you just want to see.
I think people need to start focusing on the long term and if you find that hard to do, look back to where it all started, the price, the fluctuations in between and where we are now, and then judge on that based on what the future is going to be like, considering that we are not even close to mainstream adoption at all.
Of course, a lot of people believe that when situations like this comes into play, a lot of people will be looking for a safe haven and a means to store value for their money and as a result of that, with crypto space being a very easy alternative at the moment, this would basically cause a boom in its price one way or the other, until the recession subsides.
What even brought about bitcoin in the first place was as a result of the 2008 crisis and in such cases coming up again, with global economic policies ruining everything; people will have an alternative for store of value.
