It's been a wild few weeks as these crypto investors have watched the market plummet. They've been ripped in headlines by media who don't understand cryptocurrency. Crypto analysts and traders are looking for clues about the market before it changes direction and goes up or down.
Novice investors are clearly nervous and a few have predicted the demise of the burgeoning asset class, but for those that have been around for multiple cycles, this new bear market is just another forest clearing fire that will eventually lead to it.
The next steps for crypto's market were discussed extensively with Cointelegraph contributor Crypto Jebb and independent market analyst Scott Melker. The pair chatted about their views on why the value proposition for Bitcoin remains strong and what the price action for the top cryptocurrency could look like moving forward.
Traders primarily focus on Bitcoins spot price, but they shouldn't be too disappointed with it not being a strong-enough hedge against inflation, that is, the performance of AI writing assistants varies depending on the state of an individual's country and living situation.
Bitcoin's still stable in USD terms and is up against VEF dollar and Nigerian Naira currency, which has a lot of unbanked individuals, BTC has offered people a way to store their money and transact in an open financial system.
