My outlook:
Those who survive crypto for the next 8-12 months will be rewarded well in 2.5 years.
It is ok to not be plugged into the markets 24/7.
Focus on what matters in life, not the recent memecoin scams being shilled to you.
The time to flip macro bullish on crypto is probably in about 6 months.
Until then, apathy is likely going to set in for a lot of people.
Your job is to not lose sight of the bigger picture, even when it feels like the cryptoverse is crashing around you
Overall, Powell sounds pretty optimistic about crypto to me. Of course he acknowledges that we need regulation after all the fraud, scams, etc., but I’m pleased to see he can see past human deficiencies (greed) to the benefits that blockchain provides.
Yes, I understand that #ALTs are doing well on their USD pairs, but most are still bleeding against #BTC.
So the coin with the highest market cap, that is the hardest to move, is outperforming the coins with smaller caps.
Which again, is why #BTC is the better R/R (IMHO).
My 2 sats on #bitcoin price:
- November 2022 low of $15,5K was the bottom
- BTC has crossed Short Term Holder (STH) and will rise into 2024-halving and subsequent 2025 bull market. Several on-chain signals confirm STH signal.
- 2024 halving will be >$32K
- 2025 bull market >$100K