Bitcoin sentiment is certainly at bear market low levels.
Unfortunately, that condition can persist for some time.
We’re getting closer, for sure. Little more patience, we’re in the early window, still favoring end of summer - early fall.
President Trump said the current financial system is outdated and will soon be replaced with a state-of-the-art cryptocurrency framework under the Genius and Clarity Bills.
Right now Binance decides on the valuations of major crypto network tokens. Its their market. They undervalue their competitors, correlate all prices to Bitcoin and have absolute reign over the charts of any token they list. Why? because they are unregulated and can.
This will change. Everything will revalue.
All network tokens will revalue on fundemental value, adoption, revenue, user base, integration into tradfi, institutional demand, team quality, longevity, technical innovation, decentralization, scale, speed, execution potential.
Everything is about to change.
#ClarityAct
If the Bitcoin thesis is purely a SOV play, then in a world of AI capturing all the attention/capital, coupled with quantum fear, an outcome similar to this for the next 4 yr cycle would not be a big surprise, to me.
Would also align with a secular crypto bull market having peaked (as seen in alt's and bitcoin poor performance).