That is true it did. However, we saw it short lived which is always possible. But a bear that I am thinking is a drop of more than 20%, in a few different markets.
However, I do expect this to change eventually.
I do too especially as it becomes evident that inflation is not causing the recession, but deflation.
This is where I think the narrative for BTC changes but the results are upward.
It could then serve as a safe haven.
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Yeah we will see. We already see it happening in smaller 3rd world countries. Where people would rather put their money into BTC to avoid the devaluing of their currencies.
I think that's where we will see a large transition first. It will be in these smaller economies with unstable money.