Dear @josevas217
My expectations are as follows:
since Pandemic US printed trillions of new money. There is huge amount of liquidity on the sideliness waiting for trend to change. And usually FED changing their stance on interest rates is a turning point.
So I would expect all markets to rally in upcoming year or even two. Including crypto market.
Bitcoin and the entire crypto market are supposed to be outside the traditional market, but I have been able to notice that for some time now what is happening in the traditional economy continues to strongly affect the crypto environment
That idea changed forever the moment ETFs has been approved. Now more amd more BTC will be owned by investment funds and institutions, which do treat BTC as an asset.
So we all gotta use to idea that Bitcoin is not what it has been intented to become. And will never be.
It is just another asset. High risk one.
Interesting choice of topic. Solid read. As always :) Upvote on the way
Cheers, Piotr
I agree that BTC is no longer something for which it was created, it now depends a lot on macroeconomic fundamentals and the movement of institutional capital. Thank you very much for the support.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit