@cryptovestor - Good observation and commentary, thank you for the video. I appreciate all your work and content.
I think the amount of media noise is just a reflection of market price action. We are in a much-needed consolidation period and this applies to news headlines too. 30% daily volatility is not healthy and is not sustainable for any market. I feel we are on the right trajectory and before we see a new major bull run, there need to be some more advances on the technology R&D and implementation sides. As more and more people are focusing their time, effort and creative energy on the space, I expect that such advances will be made sooner rather than later. Therefore, I don't really expect a crypto nuclear winter unless there is another more substantial market crash or a series of such crashes on a monthly basis. It's better to have a cool off period, so people who are committed to doing meaningful work can keep their focus and make blockchain tech and cryptoassets better. I'm pretty confident that cryptoassets are establishing themselves as an institutional-grade asset class, so that's positive. Once there are some more positive news on progress being made on solving known existing issues with the technology, and hopefully we see new breakthroughs, momentum will start building up again. Then we'll probably see the same cycle of hype, greed, FOMO, and eventually fear repeat, accompanied by a commensurate amount of media noise.
Would you agree with this view on market outlook? What do you expect as the most likely scenario to play out this year?
