Kosta Ouzas discusses cryptocurrency market behaviour in 2021–2022, describing a strong run on altcoins and investor sentiment that Bitcoin had already peaked. He states Bitcoin was around $69,000 at the peak of that cycle and that many investors preferred altcoins that were rapidly appreciating.
Around $69,000.
2021 and 2022.
But particularly in 2021, 2022, there was a huge run on, on the altcoins, right? There were people that were literally, you could buy anything and it was just like going up 10x. And Bitcoin at the time was around $69,000. That was the peak of last cycle. No, no one wanted to buy bitcoin. It was $69,000, right? It's like, well, I'm not going to make any money on something that's already $69,000. I missed the boat on bitcoin, right? We're going to now invest in all these, all these other tokens. Me.
