CRYPTOHELL
So, like, is Crypto gonna make the Traditional Financial System fail?
So, like, there's been some big news about three banks going bankrupt: Silicon Valley Bank, Silvergate Bank, and Signature Bank. A lot of people are pointing fingers at crypto and saying it's to blame for the bankruptcies. But, like, who knows? Maybe crypto could actually be the solution, not the problem. I mean, let's be real, traditional finance has had its fair share of issues. Just look at the 2008 financial crisis. Maybe it's time to start exploring new solutions, like crypto. Sure, there are risks involved with investing in crypto, but there are risks in any type of investment. Plus, crypto has the potential to be more secure and efficient than traditional finance. So, before we start blaming crypto for everything, let's at least consider the possibility that it could be the answer to our problems. Only time will tell. So, if we take a look at Bitcoin using Elliott Waves analysis technique, then Bitcoin still has a great potential to increase in price until it hits the nearest resistance level in the price range of $29.2k - $32.3k. This potential is huge, based on the Long-term SOPR indicator, which has a value below one, indicating that Long Term Hodlers are still holding onto their Bitcoin and haven't sold it in large quantities