When Bitcoin’s Aristocrats Turn Bearish: A Cautionary Tale š»š°
DonAlt, with the sagacity of a seasoned market observer, believes that these treasury holdings could render the next bear market as severe as the calamitous 2018 crash, when Bitcoin plummeted from the dizzying heights of $20,000 to the more modest, yet still respectable, $3,000. He asserts that once Bitcoin reaches its zenith in this cycle, a 70% to 80% drawdown is not an unlikely prospect, a thought that might cause even the most stoic investor to pause and reflect.