BTC CLOSER TO 0K THEN 100K

Elon Musk hopped in on the Bitcoin bandwagon at 45k last year causing investors to swarm in. Mr. Wonderful even reported that he increased his exposer to crypto to 20% of his portfolio. Every athlete and celebrity has been expressing their love for the new asset and have even been taking salaries in Bitcoin. The crypto hype was real since covid created a new lifestyle online and a huge rise in speculative risk taking investors. The market that was once rewarding everyone that was participating is no longer. New investors have not experienced a market like this, but Bitcoin holders have. Bitcoin had a huge rally to 20k in 2018 which declined to around 4k and had not had another huge rally until this surge of new retail investors and trend in innovative growth tech. Charlie Munger dispises crypto and most of its unhonorable users. Bill Gates has warned investors in crypto, stating to not invest like Elon since your not in his teir. (also Cathie Woods who invest like she has money to buy the dip forever ever) The decline so far post covid has not been comparable to the 2018 decline since for one the US government is more excepting, other governments have even made it their national currency (smaller county), while other countries have banned it (bigger country and already saw the correction from the news) and also more and more reputable investors have been supporting the new sector. The decline is also not as sever yet but I do not believe that it is done. I do believe that there is a future in cryptocurrency especially with the trends of the meta verse and big companies (Facebook to meta, unity, sandbox) already making their mark in the industry. I do think that every diversified portfolio should have a portion exposed to crypto. But I believe that these assets are overvalued still and could have a bumpy ride in the short term.