First Mover Asia: For the Metaverse to Be a $13T Opportunity, Much Has to Change; Bitcoin Rises Late Past $31K

“I really doubt this is the bottom,” Key said. “In addition, those previous cycles were all in a long-term equities bull market, whereas that isn’t true for the first time ever. When institutional investors are de-risking, ‘exotic’ and risky assets like crypto are the first to be sold, which indicates this time has the potential to be a worse bear market.”