Did you buy the fear?
Congrats to all who bought the highest level of fear in Bitcoin in over 15 months. No need to celebrate yet we have a long way to go. Perspective comes by zooming out and seeing the big picture. We may very likely be in a slower cycle thru the summer but I see a very possible path to new ATH's by August/September. Remember Bitcoin was designed to be an internet savings account a true store of value that wasn't attached to gold (old standard) or governments who continue to devalue the "old" greatest currency in the world. Bitcoin is the greatest instrument to help the un-privileged avoid the corporate banks and the shady pitfalls of big money trapping the poor. Yes we notice the selloffs but we are more interested in the long haul and the endgame. The endgame is more global adoption and actually getting paid to store your life work somewhere other than a bank who does nothing but lend yours out while paying you nothing.
Macro level I see new ATH's late summer, early fall. If I had to put a date to it I would say the second and largest Alt season will come Oct-Jan. Personally I see Bitcoin taking most of the spotlight thru the summer esp with the voting of the ETF in a couple weeks. Thanks to our Captain Saylor for redirecting Elon's twitter account. Today we saw 8 million worth of shorts liquidated in 10 mins. We ask you shorts to keep betting against the highest yielding asset in the world has seen in over a decade. On Glassnode the OTC outflows are seeing very high levels, In fact they are the highest seen in over 2 years. So while the market fears... Institutions are buying and moving their holdings off the exchanges and doing it at the highest levels we have seen this bull cycle.
Budget, Save, Buy More. You have the summer to add to the greatest Asset this world has ever seen. I have been on this particular train for nearly 6 years and it has changed my life. What's my motive to be in this space and share charts I like? There still is only one currency in the world that is better than Bitcoin. It's called Kindness, it's the joy that comes from helping others. Lifting someone else sharing your talents just because you can.
Bronson-TheSHARK
Macro level I see new ATH's late summer, early fall. If I had to put a date to it I would say the second and largest Alt season will come Oct-Jan. Personally I see Bitcoin taking most of the spotlight thru the summer esp with the voting of the ETF in a couple weeks. Thanks to our Captain Saylor for redirecting Elon's twitter account. Today we saw 8 million worth of shorts liquidated in 10 mins. We ask you shorts to keep betting against the highest yielding asset in the world has seen in over a decade. On Glassnode the OTC outflows are seeing very high levels, In fact they are the highest seen in over 2 years. So while the market fears... Institutions are buying and moving their holdings off the exchanges and doing it at the highest levels we have seen this bull cycle.
Budget, Save, Buy More. You have the summer to add to the greatest Asset this world has ever seen. I have been on this particular train for nearly 6 years and it has changed my life. What's my motive to be in this space and share charts I like? There still is only one currency in the world that is better than Bitcoin. It's called Kindness, it's the joy that comes from helping others. Lifting someone else sharing your talents just because you can.
Bronson-TheSHARK
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