I bet my life-savings Michael Saylor will become the richest man in the world by 2030.
Not because he invested billions of dollars in Bitcoin.
Because he found the secret formula for making money (itโs so basic I couldn't believe it):
Bitcoin's price dropped nearly $4,000 following the escalation of the Middle East conflict.
This has sparked debate over whether Bitcoin truly serves as a hedge during geopolitical crises.
Analysts suggest that Bitcoin's role as a safe haven is still evolving and may depend on broader economic conditions.
In the past bull-years, #Bitcoin has taken the summer to recharge, preparing for the next leg higher.
All of those new legs higher started in October - breaking out in the 2nd or 3rd week of the month.
I don't think this year is different.
Final shakeout before new highs.
๐จ JUST IN: #Bitcoin ETFs see their largest outflow in a month, totaling $243M
This reverses an 8-day inflow streak, with Fidelity and ARK 21Shares hit the hardest.
Just to offer a different view to consider other than the "up only" view mostly shared on this platform, in 2019, #BTC rallied for 2 weeks after the 1st rate cut, then dropped to the 100W SMA 2 months later, which would correspond to mid-November.