Escape from Hyper Inflation -> Crypto It becomes more obscure threat for the whole global economy that the inflation rates that are declared by the countries are high enough to create a wave of #FUD. The majority of the fiat currencies are either surpassing the actual inflation rates through several policies or they are trying to fight against inflation via interest rates. The interest rates cannot be a sustainable tool for people while inflation is non-stop growing. As the interest rates are not even close to #De-Fi rates for many countries, the money will obviously follow the De-Fi products to preserve the purchasing power. We may see even worse days for the other quarterly reports but it is likely to accelerate the #crypto mass adoption due to the emerging need for that. #Cryptocurrency
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I don't want to be pessimistic but after the blow off top in this Crypto market cycles, it will inevitably go to bear market. Couple of years probably. This is normal. What's scary is the possibility of another global economic crisis.