Totally agree! I've been saying that the US is in a recession for the last couple of months, and as we've talked about before, the increase in job numbers might actually be hiding a totally different (and way worse) story of people taking up second jobs, etc.

It is a bit of a shame that we wanted for so long for institutional investors to get into the crypto space and now that they have, crypto has basically adopted the same market trends as other risky asset classes.

Like you I think the US Fed has been making a mistake for a few months at least but I do understand their dilemma. They have to absolutely make sure that wages don't rise across the board and I guess they're willing to sacrifice the economy to do it.