The "Crypto is dead, its all going to tech stocks" narrative is alluring but overall this is the actual results from the liquidity cycle low in 2022...
In a few months profits will temporarily flow out of TradFi (cool off phase after IPOs).
People will want to know where to put their money because everything already went up so much.
And there Bitcoin will be, ready to begin the next four year cycle.
Plausible path:
Bitcoin forms a low in June (like it did in June 2018 and June 2022).
BTC rallies in July
SPX correction later in year which allows Bitcoin to finally bottom (most likely October)
Four year cycle wins again
JUST IN: 🇺🇸 US Treasury Secretary Bessent calls on Congress pass crypto Clarity Act.
"The most important thing we can do is make digital assets come into the United States."