The last three bull cycles had lower highs. I’m starting to think that this bull cycle won’t follow that trend and may surprise us with a greater price increase than people are anticipating.
Why?
We’ve had a long bear market. This means that a greater percentage of coins were shaken from weak hands into strong hands. This should reduce supply when liquidity returns.
A lot of coins have left exchanges and are now in cold storage.
Liquidity could flood back in next year if the Fed needs to bailout banks or the economy if a recession occurs.
The US govt is now in a debt trap and can’t pay its interest and entitlement payments out of revenues. This means greater fiscal deficits and more money printing.
Blackrock and Fidelity filing for ETFs indicate that institutions could be big buyers this cycle.
China and Russia may be positive factors. Hong Kong now promoting bitcoin. Russia now mining bitcoin.
Lower supply and higher demand. It seems the stars may be aligning. 🤷♂️
Why?
We’ve had a long bear market. This means that a greater percentage of coins were shaken from weak hands into strong hands. This should reduce supply when liquidity returns.
A lot of coins have left exchanges and are now in cold storage.
Liquidity could flood back in next year if the Fed needs to bailout banks or the economy if a recession occurs.
The US govt is now in a debt trap and can’t pay its interest and entitlement payments out of revenues. This means greater fiscal deficits and more money printing.
Blackrock and Fidelity filing for ETFs indicate that institutions could be big buyers this cycle.
China and Russia may be positive factors. Hong Kong now promoting bitcoin. Russia now mining bitcoin.
Lower supply and higher demand. It seems the stars may be aligning. 🤷♂️