hi @ga38jem

Great read buddy

I believe that at current stage any sort of pump in the prices will be seeing by many as a "relief rally" and opportunity to cash out. As long as inflation will be growing - we can also expect interest rates to be increasing. Which as a consequence is inceasing costs of servicing debt.

And growing debt is forcing people to sell their assets. Land and property will be last to be sold. Crypo, gold, silver, company shares etc - those are liquid assets which will suffer the most. However, once markets will finally reach "turning point" I would expect crypto to be the fastest to recover. Mostly because of its popularity, strong community (which equals good marketing) and because it's easy to buy (even buying gold is so much more complicated than buying BTC)

I remember about a week ago writing about the BTC miners who can go out of business if the BTC price will fall even further.

I also wonder how many miners will have difficult time surviving current increase in cost of electricity. Especially while at the same time product they sell (mined BTC) is at such a low price levels.

Have a great weekend ahead of you :)
Yours, Piotr