Bitcoin has been dropping about 10k per month the last few months. The next big 10k drop should come around the middle of July, and in August I predict the price will be in the low thousands.
Anyway i would bet 2 bitcoin that it will not be down another ten thousand in a month. However im not aware of any escrow that would hold btc for one party and usd for the other as im sure you don’t want to bet in btc if you think that asset is dropping. Not without using some derivatives on eth that I don’t trust anyway.
I wouldn't take the other side of this bet though, I'm long-term bearish BTC, but I don't think it will drop below $10,000 this month
The hedge funds and large funds listed have retreated. This category will go lower but jump in when the bottom hits.
We could drop another 10,000 but I doubt it unless there a whale who stop believing and are part of selling off?
Aren't there more bitcoins in circulation now than in 2018? I know it's not a ton more, but if BTC drops to the same market cap as in 2018, the price of each coin will actually be less than $5000.
Own stocks? If the company tanks, they still have assets to liquidate.
Own foreign currencies? People still have to pay their taxes in those, so there's always some market for them.
Own Bitcoin? Once people stop believing it'll go to the moon, there's no reason to own it for 99.9% of people (and the reasons the remaining 0.1% want it are antithetical to a functioning and economically healthy society).
Fourteen years ago a good deal of those banks crashed the world economy but are still around because governments decided that their immense loses had to be socialized using taxpayer money. Not my definition of economical healthy.
Before the advent of altcoins and before the fees skyrocketed people were using BTC to pay for stuff. A network that can facilitate this has value. What that value is is a matter of debate, just like it's debatable whether Tesla should be worth ten times as much as Volkswagen.
Any crypto that survives in the long term and will facilitate near-instant global payments at minuscule costs without middlemen will have enough value for a lot of people to want to have it.
Because the result of that is entirely predictable, and has, in fact, been playing out over the last few years, with the crypto world, as many people have described, "learning 200 years' worth of lessons in how economies and finance really work compressed into a decade."
No; the right answer is to take up our collective responsibility and work together to fix those systems so they serve everyone again (or possibly for the first time; YMMV), rather than replacing one elite with another.