Crypto booms and busts cycles were also in part due to national fiat currencies fluctuating wildly, thanks to the more and more erratic behaviors of their respective central banks.
These entities are now caught between a rock and a hard place, either leaving credit tight and provoking a massive deleveraging event that will wipe everything in its path, or reembarking on the money goes brrr path and transforming fiat currencies into meme coins.
In both scenarios it’s still much safer to stay in crypto.
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