It would be painful for a lot of Bitcoiners out ahead of their skis, but for the best generally, the best thing for everyone else and Bitcoin in the long run is a healthy economy.
We ultimately want Bitcoin to save as things get cheaper prices in it. That only works if savings goes higher and stuff gets made efficiently.
The worst thing would be million dollar Bitcoin where a million doesn't buy much and it's a violent zombie apocalypse outside.
If it doesn't bounce meaningfully by mid week, a lot of Bitcoin startup employees working on nonsense are going to be working in factories or service sector doing something productive in the following weeks.
It would be painful for a lot of Bitcoiners out ahead of their skis, but for the best generally, the best thing for everyone else and Bitcoin in the long run is a healthy economy.
We ultimately want Bitcoin to save as things get cheaper prices in it. That only works if savings goes higher and stuff gets made efficiently.
The worst thing would be million dollar Bitcoin where a million doesn't buy much and it's a violent zombie apocalypse outside.
If it doesn't bounce meaningfully by mid week, a lot of Bitcoin startup employees working on nonsense are going to be working in factories or service sector doing something productive in the following weeks.