People don't want to accept that crypto is a seriously risky and speculative asset, arguably one of the most speculative because there is absolutely 0 metrics that set a "floor" on the price- there are no revenue, there is no EPS, there are no buildings or machines or IP that have a hard value- There is nothing to weigh and look at to say "Holy fuck, this is very undervalued right now i should buy"....the only thing propping up crypto prices is "feels"

And all this money is coming out of the same bucket because crypto isn't a closed loop, meaning you don't get paid in crypto and transact in crypto directly, you have to buy it with fiat and when you buy something with it the vendor then has to exchange it back to fiat for it to have any real use for them because its not a medium of exchange excepton the very razors edge of the margin....

As the economy gets worse and prices keep going up people simply have less money, so you are going to have a lot more sellers than buyers willing to put their fiat into the riskiest of assets when they have to pay 50% more for food and gas and might lose their job soon.

This is what happens every downturn, people flee risky speculative assets 🤷‍♂️

Its going to get worse, we haven't really seen any layoffs yet but it's going to happen....Crypto is really going to take a shit when that happens because, again, all the money is coming from the same bucket

My point is that Crypto markets will never "decouple" from the wider financial markets, that's a complete pipe dream imo