The fallout we are seeing is crazy. Just recently we were talking about $30,000 as a support level. Now it seems to be going lower every day. With so many coins dropping so low, I would think we would be looking towards an upswing soon.
There are so many new things coming out for blockchain and web3 in general that the tech should be driving prices higher. I can easily see us having a similar bump as web2 had in the 90s. And yes, I'm sure there will be a bubble that will burst in the next 5-8 years.
My biggest confusion right now is how much influence the US economy seems to be having on crypto. Crypto is a global marketing trading 24/7. A single country's economy should not have this much of an effect. If anything, why aren't people buying to help offset inflation?
I'm continuing to buy, as I think it will be worth it when we eventually bounce out of this.