Right. The bull market in 2021 was cut short, in large part due to China banning mining and sending the hash rate plummeting. After that was the FTX fiasco. I don't know if SBF was manipulating the BTC price, but those two things definitely had an impact.
Login to reply
Replies (1)
Yeah, it was a bummer, especially because most people were overly optimistic given that nation-state adoption was becoming a thing. But no blow off top. Maybe this cycle.