This Bitcoin bear market will be good for builders and bad for speculators.
Yes, I think Bitcoin (and other crypto) is in a bear market. I have no idea how low we will go or how long it will take. The previous bull/bear markets offer some guidance each bull market has been driven by different types of people:
-2013 was the cypherpunks (deeply techie and anti authoritarian).
-2017 was retail investors/speculators (hoping for a fast buck).
-2020/21 was professional and rich investors (older, not digital native, more cautious).
Bear markets are bad for speculators but good…
