Not all hope is lost. Even though Bitcoin’s Fear and Greed Index is at its lowest since pre-pandemic times, experts believe the bear market can be good for BTC.
The Bitcoin Fear & Greed Index has posted theof Q3 2019, dropping to 7 and indicating “Extreme Fear” on Wednesday.
“The current situation is good for Bitcoin in the long term, cleansing the market from leverage, scams and dishonest institutions,” Trezor Bitcoin analyst Josef Tětek told Cointelegraph.Lightning Network Crypto winters and bear markets provide more opportunities to build, as speculation leaves the market, Tětek noted, stating:
The crypto market needs to go through crypto winters in order to grow and mature, Bitcoin Suisse CEO Dirk Klee told Cointelegraph. According to the executive, the quality, stability and security of crypto services and products become even more important during uncertain market conditions. He said:
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