Is the hand writing on the wall ?

Here’s the bear or extinction argument for crypto in general.

It happened with the war, but more specifically the sanctions.

I’m my opinion this was cryptos big chance, to prove its value. If it went up massively because of people dumping dollars to avoid sanctions. Because that’s the whole point of crypto decentralization, the ability to outdo and evade sanctions. You can also tie into this the trucker protest that happened in Canada.

You saw no price spike of people fleeing the current monetary system and going to crypto. So you had two big events where Crypto use case was at stake and nothing happened.

At least this is my opinion. The fact it went down with the market the s&p 500 fell and so did Bitcoin.

So does this prove most of the more esoteric elements of crypto currency are non existent ?

To me this proves crypto isn’t really a non correlated asset and we got to look for another thing.

Since it’s close to Easter. It’s like when John the Baptist got locked up and he sent his messenger to ask Jesus are you the one or should we look for another? Meaning is crypto in light of all its promises is it an empty bag or is this really a monetary system the governments of the world can’t control ?

Or is it just another way to speculate ?

Because to me if it was truly the thing it purported to be shouldn’t the Russians and the Canadians been able to use it to evade and overcome the locking of bank accounts?