@Keeponkeepyups Geopolitics can significantly influence short-term volatility, deepening downtrends or accelerating uptrends. But it doesn’t turn a bull market into a bear market or vice versa.
We haven’t even entered the “disbelief” phase in $BTC yet, but the noise and fear are so intense that it feels like a bottom rather than the end of the depression phase.
It seems that investors’ mental resilience in Bitcoin is weakening over time.
I’m Bitcoin-only, yet after a 5 year break, I’m speaking very bullishly about ethereum:native again, even though I don’t own any.
Why?
Because of the wave - or rather, the tsunami - that is coming toward bitcoin:native.
It’s so massive and significant that Bitcoin alone cannot absorb it. Bitcoin isn’t gold. It’s still an asset with a market capitalization of just around $2 trillion.
So, some help will be needed.
@PaulcBitcoin The last time I owned any ETH was in 2021, and I’ll ride this cycle with only Bitcoin again. I just think that those who have held ETH for the last 5 years should not give up, as they will finally be rewarded.
I promised not to talk about gold anymore, but I can see a new, coordinated wave of gold promotion approaching.
Very influential voices are claiming that gold’s bottom is in. Not just a local bottom, but the bottom. ☝️
This could clearly serve two purposes: first, to attract more exit liquidity from retail investors, and second, to minimize retail participation in Bitcoin ahead of its biggest bull run since 2017.
@seth_fin Yes, why lock yourself into gold in a year when the biggest gains will be made elsewhere? Plus, gold has experienced exponential growth, which means it will need at least a decade before it can deliver a rally of similar magnitude again.