You have to be young and dumb before you become old and wise. Early $BONSAI supporters!
Capturing the macro swing of a market cycle is never easy. Being early and DCAing into an asset during its accumulation phase is never easy. Adding to positions in a toxic and fearful environment is never easy. No one said this would be easy.
Easy to be bearish, but we still have many bullish catalysts:
• BTC ETF continued inflows
• ETH ETF launch soon
• Regulatory pivot
• Interest rates at all-time highs, with the EU and Canada already decreasing
• Stocks at all-time highs
• Gold close to ATH
Stablecoin supply at ATH
• Circle's stablecoins compliant with MiCA, boosting integration in finance and commerce
• Stripe integrating stablecoins
• Paypal's newly launched $PYUSD growing ($405m issued)
• Blackrock pushing for asset tokenization
• Newly issued altcoins already down ~80%, resetting valuations
• Polymarket gaining traction beyond crypto natives
• Blockchains finally starting to scale Finally, when Germany, the US government, and Mt. Gox are done, it will clear the last overhang.
Usually, sellers are easy to spot, but new buyers are obscure. TL;DR: Short term choppy, mid-term bullish, long term we're dead anyway.
Big moment for Bitcoin ahead. High timeframes lean bearish. It may get bumpy if this support at 58k falls. Get your helmets!
People don't say "It's over" at the top...
People say "It's over" at the bottom!ᵎ
The masses often hold the wrong bias because their sentiment is 1-to-1 aligned with current price action, not forward looking.
Keep that ← in mind.
I just participated in the first Chain Abstraction demonstration between @Burnt_XION and @Neutron_org via @AbstractSDK!
Come try it yourself!