Brian has been talking about a crypto crash for a while now, and I think this might be the time. My reasoning is as follows:
1. Student loan repayment is starting again in October (a lot of people in that age group probably have dabbled in crypto, at least more than other demographics). When repayment begins, it’s reasonable to assume that alot of these people will have to sell off some crypto to pay their debts.
2. Credit card debt is at an all time high (same reasoning as above).
3. Gas prices are also increasing, which effects the prices of all goods nationally.
My guess is the crypto crash will happen at some point in early October… Please share your thoughts and ideas. I’m new at this so criticism is welcome!
Uptober? why?