What I hear nobody talking about regarding the price of Bitcoin (and other cryptocurrencies) is that we have been in a period of economic boom for the last couple of years. Just look at how the Dow Jones has performed since the recovery of the economic crisis. As we all know from our lessons of macro-economics, a period of economic growth makes consumers invest more in consumer goods, stocks and in this case even in cryptocurrencies.
The point that I'm trying to make here is that because the cryptomarket is still so young, it never really faced a period of economic drawback and thus never really faced a period where consumers have less money to spend on such finnancial assets.
This brings me to my final question: will the inevitable slowdown of the worlds economy lead to a potential 'crash' of the whole cryptomarket?
I just never hear people talking about the cryptocurrency market from a more giant, macro-economic perspective.