During the housing crisis of 2008, home values plummeted. Not because the homes built in 2008 were lower quality builds, but because the banks over-leveraged the houses. The over-leverage eventually caught up to them and the whole system eventually collapsed, but time heals all wounds and what doesn’t kill you will make you stronger. The housing market is now stronger than ever. Anyone who bought a house during the 2008 housing crisis is now better off because of it

Now in 2022, Bitcoin prices has plummeted. Not because there’s anything wrong with the blockchain, but because the exchanges over-leveraged their crypto assets. The over-leverage eventually caught up to them and the whole system eventually collapsed, but time heals all wounds and what doesn’t kill you will make you stronger. Bitcoin will become stronger than ever. Anyone who buys bitcoin during the 2022 exchange crisis will be better off because of it

EDIT: Just wanted to clarify that I’m not saying Bitcoin is the same asset class as real estate. The message I’m trying to convey is that bitcoin is a victim of institutions over-leveraging, similar to how real estate was back in 2008

submitted by /u/rappeasant
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Source and link to Reddit topic: Anyone who bought a house during the housing crisis is now better off. Anyone who buys Bitcoin during the Exchange crisis will be better off

Author: Reddit.com