As the bear markets in stocks and crypto continue to play out, I expect to see a complete wipeout and discrediting of the crypto space. This will lead to Janet Yellen and Gary Genssler, cracking down on the space, as typically happens after the horses have gotten out of the barn. The administration will blame the collapse of crypto and all the related speculation in nft’s etc. for the recession that while already here, will soon become official after two consecutive declinning quarters of GDP. As bad as the stock bear will be by the time it eventually ends, crypto will be totally abandoned. This will allow two factors to play out. First, as it becomes clear to those who haven’t already realized it, there is only one place to hide as far as where to place capital to protect it from declinning markets and rising inflation. Gold and soon after, Silver. The second theme will be that when the administration/FED decides to introduce their CBDC, there will be no other crypto to effectively challenge it’s superiority.(Their view, not mine) Gold and silver will always be superior to any govt. issued currency UNLESS theirs is backed by gold or silver.