clarity reject, rate hike, bonds falling, quantum fud, ai breaking cryptography fud, yet we are higher than we were a month ago.
we’ll be climbing a wall of worry for the next 3 years and u will be sidelined.
When I started rotating my eth to sol (and others), some 18 months ago, I felt like I'm disappointing my crypto circles after being so bullish for so long. Truth is, it was liberating to do so. I know many who won't acknowledge the shift even now. They pull out all sorts of metrics that work in the favour of the Ethereum chain, just not eth the asset. Good metrics btw, just not supportive of price.
Do it motherfuckers. Pull the trigger. Your actions won't "mark a bottom". The market doesn't care about your actions. If you like money, follow attention. It is too late but better late then never.
(imo)
MicroStrategy announced a strategic goal of raising $42B of capital over the next 3 years, comprised of $21 billion of equity and $21 billion of fixed income securities, which we refer to as our “21/21 Plan.” They plan to use the additional capital to buy more Bitcoin.
The $BTC monthly chart looks amazing to me.
7 months of flagging below new ATH.
Add to this: Trump has high chances of winning the elections, and regardless, Gensler is prob gone anyway, rate cuts, ETF flows, 4 year cycle etc, we have all reasons in the world to be bullish.
Yes there are lines that can be drawn on this chart that make it a bit sensible to short here. But if you are shorting $BTC with a target of 44k or $wif with a target of $1, you are pretty much betting on a Harris win, Gensler staying in power, rate hikes, ww3 scenarios, and this time being different.
Context matters, and while there's a non zero chance for such short to be successful, the window is pretty much closing in 3-4 weeks.
Higher.
Kind of mind boggling, in this day of excess fiat, debt/deficits, stock valuations, and rapid #bitcoin adoption/acceptance, that #bitcoin's market cap is still only around $850b.
Too many people are fooled by the "it's too late" idea by chasing unnecessary risk.
10 days after presumed dead, $wif's price has already doubled.
The lesson is not to buy stuff that looks horrible, but to learn to distinguish between dead and correcting.
Not always easy to do, but very easy to me in this case.
The hat stays on, en route to double digits imo.
The #bitcoin 4 Year Cycle is on Month 19. Prior Cycles topped out at 35 months, so past the midpoint of rising portion.
Really can’t express enough just how bullish this setup is here, with reaccumulation occurring, building foundation from where the next major expansion begins.