bearish
Sporting Crypto - May 16th 2022: Sorare Sign MLB Deal
SUMMARY
- Crypto markets continue to look treacherous and whilst there’s been some respite more recently, I do think that this feels like the beginning of a bear market where we could see prices go lower
- In very early 2018 we saw a Crypto crash that saw Bitcoin drop from $20k to about $10k before taking a short pause, and then dropping to $4k and staying there for a while. About 2 years, in fact.
- No one really knows, but it doesn’t feel like there’s quite enough doom and gloom for this to be the ‘bottom’.
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