Bearish case: - BTC efficient miners won’t mind some period of low prices, since that will cleanse the mining industry. The survivors will be rewarded thanks to the difficulty adjustments and the BTC price increase after the halving (due to lower supply and (likely) increased demand). - The world situation is still quite delicate so some more downside price action will likely be seen across all markets. US stonk market has been rallying in a technical pullback, but it is likely to resume the bear market in the coming days or weeks. BTC will likely remain correlated to the US stonks, especially if a new liquidity (or even solvency) crisis is ahead.
Bullish case: - The public is realizing that central banks and the whole fiat scheme is quite scammy. - Many smart people (Kaiser, Kiyosaki, Chamath, Pal, Dalio...), keep repeating that gold, silver and bitcoin are actually hard money and a good hedge for the coming recession/depression. - The whole DeFi movement has favored miners, who can collateralize their BTC and pay their bills, in a possibly more efficient mining industry laying ahead. That same movement will substitute the old legacy financial system. - ETH, LINK, ADA, XTZ and hundreds of other decentralized projects, all (somehow) grand sons and daughters of BTC, are led by some of the smartest and most innovative millennials and developed by brilliant communities who actually care for the wellbeing of the people.
Bye bye boomers, its time for your retirement.
As Arthur from BitMex recently wrote: All in motherfuckers.
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