People here cheer for fall of Bitcoin and end of cryto not seeing that GOOG dropped from 2999.05 to 2157 and both charts look pretty much the same?
At it's peak, annoyed, I tried to find my old computer with my wallet. I gave it an honest try, but then looked up the amount the doge was worth. Somewhere around $20 at it's peak. I would have really been bummed if it'd been worth anything.
I hadn't realized google was falling hard, that's great news to me, and I wish it had been on the front page.
Could be google hiding from bad press here as they are wont to do.
The market needs a wipe out of the speculators, VCs, scammers and retail investors to drain out the billions of dumb money to cause these prices to go down again to around November 2020. This is why once Tether collapses, we will see Bitcoin at $10K again, lower than we have seen since March 2020.
As for the stock market, It isn't done and can still drop further as soon as the Fed increases rates again in July and the layoffs will accelerate when the VCs continue to deny more funding for the vast majority of useless unprofitable startups that will also be wiped out.
Either way, Just like 90% of startups fail. 90% of these cryptocurrency / blockchain projects won't survive this bear market or even the first foot of regulations. The remaining 10% will continue to survive once again.
(Not that I care much, I sold all my GSUs after I quit in January, and lucked out and hit it at its peak)
[0] https://abc.xyz/investor/static/pdf/2021Q4_alphabet_earnings...