Seems reasonable. I’m just terribly interested in how a bear market affects crypto. I can see crypto being a cash/gold-like safe haven, but valuations don’t represent money available to be moved, they are just a multiple of the last price paid.
You and the rest of the world. Because 1) You can't bet your retirement 2) You're outside of the SEC cocoon 3) Your units are whatever you want them to be 4) Your common knowledge game is played in the tower of Babel I don't think we can assume any correlation. The people I see playing with crypto are the polar opposites of the ones playing with equities. They're a completely different tribe. I've got a friend who can't log into his 401(k) who day-trades tokens and apparently I was the last of my circle to hear of binance. Now - that may change, and a correction/recession may push it that way. But I mean fuckin' hell - John Oliver did 25 minutes on crypto last Sunday and it's surprisingly fair and balanced considering how everyone with a tresor was a goddamn criminal in the eyes of the investment class not six weeks ago.