Ask Leo- Crypto bear continue: are we going to experience another setback for the next 9month ?

The crypto market has been a roller-coaster ride this year and we've been experiencing a bear market since the beginning of 2022. With the volatile market, the market been hit with a lot of ups and downs, this really made it difficult to predict what the future will holds. This year alone the market has lost over $500 billion in value in the 9 month-long bear market that followed Luna crash, this resulted in people lost their money.

With the recent shift in the market FTX fallen, many people are again worried about the future of cryptocurrency, wondering what to be expected in the next few months. The truth is nobody can predict the future with current situation going right now, but it is important to be prepared for the worst-case scenario.

Yes, worst-case I say, because the main factor right now to cause the worst case is that lack of trust in the market. Many people are concerned about the lack of regulation, the volatility, and the lack of consumer protection, people has lost their trust in Crypto firms. This lack of trust is causing people to sell their cryptocurrencies as lot of crisis arising, however as the market continues to slide, it is expected that we will see a decrease in the number of people investing in cryptocurrency. But that is not the case, the case is that FTX affect the market badly, so are we going to experience another setback for the next 9month in Cryptocurrency industry?

Thank you for your attention 💞💖

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