Quick thought. My thesis for the coming years.
During the 2020 cycle, interest rates were as low as they go, retail was more interested in investing than ever, and cash was being printed at unprecedented rates.
Why was the price action utter garbage?
Simply put, because too many people would've won.
Risk assets were in the best possible environment for price discovery last cycle, yet in comparison to the past, we saw nothing more than what "had to" happen when you print that much money.
Now that inflation is high, normal people wouldn't touch markets with a ten foot pole, and credit card debt is through the roof:
WATCH THIS SHIT RIP IN YOUR FACE.
The world will be seething when commodities are at all time highs price-wise, and they missed a life changing changing pump that now stares them in the face every time they think about "investing".
We all know how likely it is that you win after you buy into a life changing green candle...
The world won't change until people become educated in mass. The market works this way, because the majority of the people in the world are ruled by their emotions instead of building a strong enough character to attack life logically.
To not battle against inflation, in a time where inflation has been unprecedentedly abused and manipulated, would be utterly foolish.
Global liquidity is rapidly on its way to new highs. The floodgates are open. It is only a matter of time. The only difference is this go around, world elites have to wait until the blood from COVID settles so they can create a new scapegoat.
I have already said monkeypox will just be a psyop to convince even high level traders another "black swan" looms, before the largest pump known to man occurs.
This is already a hated rally. People will hate every little bit higher it goes. Already, with Bitcoin at 60k establishing support at previous cycle ATH, just like at 30k, bears are all over the feed. The bear engagement meme is not false. They are really out there.
People hate me because I am bullish. I don't care.
You will hate me when I sell more.
Maximum conviction.
I remain max bullish amidst the plebs.
"Market structure" breaks every time before a significant pump.
This time is no different.
Even your favorite bulltard has bear posted by now.
Rise above the filth.
Unwavering conviction.
$BTC
True Bitcoiners have waited for this moment since its inception:
A widely accepted Bitcoin by both the government and as a store of value by the people and commerce.
It's at $100,000 per Bitcoin, such a perfect number.
Welcome to the late majority.
An asset class has officially been born whether you'd like to admit it or not.
$BTC
Visualized impact of COVID black swan, 3AC/LUNA implosion, and FTX bankruptcy all in 2 years.
Now we get Trump, and all those geriatric fucks that have told you crypto was a scam are kicked to the curb.
Bitcoin is now adorned as digital gold.
$1,000,000 per BTC.
$BTC