This feels like the 2021 China mining ban crash

I’ve seen some serious volatility in my time. But this ranks up there with some of the most brutal crashes in the history of crypto.

In 2021, the China ban on mining drove the price of Bitcoin from $65K down to $28K. It seemed like the end of the bull run. But it turn out to be one of the best buying opportunities in recent memory when Bitcoin shot back to $69K in just a matter of months.

I don’t think the bleeding is over yet. But I also don’t think the bull run is cancelled.

The near term looks grim. Things will get worse before they get better.

Don’t invest more than you can afford to lose. Keep a safety net. Uncertainty is the new normal.