To say that 2022 was a bad year for Bitcoin and the broader crypto market would be a vast understatement. Coming off 2021’s high of $69,000, many of the cryptocurrencies have since retreated by 70% or more, contributed in part by the Fed’s quantitative tightening policies, resulting in the everything sell-off and a conservative stance by most companies anticipating a 2023 recession to play out. Things seem bad. No, things ARE bad. But, it’s something we’ve all seen before. At least twice.
