SpaceX IPO. OpenAI IPO. Anthropic IPO
Mega IPOs like these usually mark the top
And when the tech / AI bubble bursts, crypto will go from slow bleed to an avalanche
Everyone thinks this time will be different
But the 4y cycle is still intact
Lower prices in H2
Bookmark this
1--A bubble occurs when there’s an enormous amount of increase in wealth relative to money.
2--In order to spend money you have to sell wealth.
3--Converting wealth into money at scale is what pricks the bubble.
RAY DALIO JUST SAID HE THINKS THE AI BUBBLE IS GOING TO POP
On Bloomberg, he laid out exactly when, why, and how he sees it happening.
He also compared the current market to two specific years:
"We are right now rising closer to, not at, the same level in 2000 and the same level in 1929, a specific level where you say, oh no, here's the one that we really need to worry about."
On all tech revolutions:
"All great technology changes produce bubbles. And the reason they produce bubbles is because nobody can get it exactly right."
On the mechanism that pops bubbles:
"There's a bubble, and then there's the pricking of the bubble. The pricking of the bubble happens when there's a need for wealth to be sold to get the money."
On the wealth gap that comes with it:
"A very small percentage of the population is going to do unbelievably and a lot of people won't."
On a political solution:
"I'm not optimistic on us working together to solve."
He says the technology is real. The prices and the debt are the problem.
Sellers are delusional and I’m tired of people pretending they aren’t.
Home prices need to drop 30% or more most markets or this number is going to keep growing.
$BTC working on possible tweezer bottom here at lower BB / SMA 50 on daily
Would speculate a bounce into underside 78.5k range and then price roll over
$BTC
I've been preemptively bullish but I think these are the levels at which sentiment and market behavior will shift notably
78k$+ - People will finally start being cautiously bullish
87k$+ - Full blown bullish, bullish acceleration likely
70k$- - High likelihood of death
Bullish or bearish on Crypto, a re-test still seems likely. Bears probably want higher to short, bulls want it to try and prove a bottom has been put in.
$ETH update:
Didn't get fixed, nuked all the way down to range low
Technically support so if you're a hyper bullish ETH person that may be for you
But since I'm not I'm gonna be sat on my flippers waiting for better times
Better above $2.5k
More interesting at $1k
#Bitcoin / $BTC
I still believe this is the best buying opportunity for Bitcoin since early 2020.
Waiting for another dip to start stacking is just greedy at this point.
BTC slowly looking better, though too early to declare victory.
that said, you gotta love how clean its high timeframe chart is.
perfect bounce off support.