🇸🇻Just one day after the IMF agreed to a $3.3b loan in return for making Bitcoin acceptance voluntary, El Salvador buys $1m Bitcoin, more than 10x their usual 1 $BTC per day purchase.
I guess the IMF won... 😅
#Bitcoin Correction Fractal
Not claiming this fractal will play out, yet price action right now closely resembles late 2023.
Again, it doesn't change #BTC overall uptrend.
✍️ Today Core PCE announcement:
- Previous: 0.3%
- Forecast: 0.2%
Unpopular opinion: the angst in the #crypto market today is not caused by $BTC pulling back. It’s a small pullback. Rather, it’s caused by #altcoin dilution. The pizza is cut into far too many slices - too many coins, house of cards.
I’ll bull post for a minute: all the $BTC dips in past cycles happened “for a reason.” An FOMC meeting or fear of a war. Still didn’t stop the cycle. Wont stop this cycle either.
Why would anyone invest in #Ethereum. At least with $BTC you get a world class asset. And with some smaller #altcoins you get the dream of 1000x & girls on yachts.
But with $ETH, you get the worst of both worlds: the limited growth potential of a large cap with the risk
This is $TOTAL3 - the total #crypto market cap minus $BTC and $ETH. So basically the #altcoin field.
Look at it - barely broken all-time-high from the last bull run.
Unless there’s a black swan event, we are going MUCH HIGHER.
In 2021, the unexpected thing was for $BTC to skyrocket to $68K. We were shocked and exhilarated.
Now though, #Bitcoin at $107K is boring. We feel nothing.
This tells me that something ELSE unexpected is about to happen: either we crash early and the surprise is disappointment.
$ETH is going to dramatically underperform this cycle.
$ETH is technology-dependent. It is rapidly becoming obsolete and irrelevant.
$BTC on the other hand is supposed to be clunky and simple, it will never become obsolete.
Study the difference.
Something that NO ONE is talking about is how every single #AI#Agent conveniently has it’s own token, pumping and dumping to make quick gains for the dev teams.
Conversely, the AI Agent created by @preprints_io is housed under the existing $PRNT token, not a new token.
I’ve been holding a massive bag of $XBG @XBorgHQ since their launch. A few reasons why:
1) $XBG is a gaming infrastructure project, meaning it can do well regardless of which games pump. It makes ALL games better.
#Chainlink $LINK is pivoting to #RWA & #Tokenization, which is why price is pumping. I think this is fantastic. And they’re meeting up with Larry Fink of #Blackrock in Abu Dhabi next week. Shit’s about to get real😳
Do you hold $LINK or is it “too old and irrelevant”?
If #Bitcoin is a competitor to the U.S. Dollar, then there could be some pushback against creating Trump’s $BTC strategic reserve. But watch how elegantly Jerome Powell denies this, and paves the way for Trump’s plans. What a time to be alive.