Over the weekend, the crypto market suffered a sharp drop, with important actives recording significant losses. Although the fall has generated worries, some crypto experts believe this may represent an opportunity for potential future gains.

This perspective arises amid widespread fears on a possible global recession and climbing commercial wars.

Does a new generation of cryptian millionaires come there?

As the beinchrypto reported, a dramatic fall scared the crypto market today. Total market capitalization has dropped at US $ 216 billion in the last 24 hours. In addition, Bitcoin (BTC) also saw a significant drop, falling below the $ 75,000 mark.

In the midst of this scenario, the ABS Nassif analyst stressed that the US economic policy uncertainty rate reached an unprecedented level. To contextualize, this index measures the level of uncertainty in the US economy related to policy changes.

He combines mentions in newspapers about economic uncertainty with data on fiscal policy and budget deficits. A higher value of the index indicates greater uncertainty, which can influence market volatility, investor behavior and economic decision making.

In fact, it exceeded the levels seen during the 2008 financial crisis and the 2020 market crash due to COVID-19.

“The market has never been as uncertain as it is now. It’s worse than both the great financial crisis and covid’s Crash,” he posted.

The analyst stated that trillions of dollars were removed from the stock market. However, he expressed optimism that much of this capital will find his way to Bitcoin, presenting potential opportunity for cryptocurrency.

Meanwhile, another analyst addressed concerns about a possible repetition of the 2008 financial crisis. He noted that such an event is highly unlikely in today’s market. Instead, he predicted a recovery similar to the rapid return after the 2020 Crash.

“The current Crash of the market is looking a lot with March 2020. At that time, it was a generational entry point for crypto, and the few who remained patients came out with millions,” he wrote.

How long is you correction?

Drawing parallels with the market fall in 2020, he pointed out that the current market is probably halfway through its correction phase. The analyst also emphasized that after the 2020 Crash, the central banks responded by cutting interest rates and injecting massive liquidity into the economy.

This increased liquidity has played a crucial role in boosting actions and risk assets to new records the following year.

“If we are mirroring the price action of 2020, which I believe is likely, you will find generational opportunities in crypto. Be patient and start paying close attention, the coming weeks and months will be decisive. Buy the fear, but do not hurry, the chances are that it is early,” explained the analyst.

However, he emphasized that several uncertainties remain, including the duration and impact of tariffs, answers from other countries and whether Bitcoin can detach from S&P 500 as a recession hedge.

In this way, the perspective is aligned with another expert, who suggested that the current turbulence can pave the way for the emergence of a new generation of crypto millionaires.

“Remember the covid crash in 2020. The BTC was $ 3,850, the ETH at $ 100, the XRP at $ 0.11. And all these projects created millionaires in the following years!” stated the analyst.

Thus, as markets face unprecedented uncertainty, the coming months will probably determine If this period marks a point of turning to a new wave of wealth creation or a deeper economic recession.