Thank you all so much for helping me to reach my 1k followers, I am very lucky to have followers like you, achieving 1k followers in just 1 month is a big deal. As you guys have encouraged me by following me here, I hope you will follow my X (@Giniebtc) account and encourage me more there also.
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🚨 Market Thoughts : In 4 days the Fed meeting. #TRUMP insisted on lowering the rate and if he can do it, it will be a very powerful positive for crypto!
🔔 President #TRUMP said the United States will be the "World Capital of Artificial Intelligence and Crypto" 🔔 Trump signed crypto executive order to create a national digital asset stockpile 🔔 WazirX’s restructuring plan to repay its users has been approved by the Singapore High Court 🔔 #ElonMusk's Department of Government Efficiency meets with public blockchain reps to evaluate their technology. 🔔 Donald Trump officially pardoned Silk Road founder Ross Ulbricht 🔔 SEC Chair #GaryGensler of
Here's the BIGGEST REASON most alts are going down despite #BTC making new highs 👇
As of now, there are over 36.4 million crypto tokens in the market.
Comparing this with the 2016-17 Cycle, there were just 2,500-3,000 tokens.
Every day, 1000s of new tokens are getting launched, which are sucking away liquidity from existing #Alts
Not only that, the abundance of scam token launches is also causing retail to exit the market, as most of them are losing their money by investing in these coins.
I think until and unless there's some institutional adoption of alts, #Altseason will likely get delayed.
A few interesting points from the #TRUMP crypto executive order :
• CBDC ban - agencies are prohibited from establishing or promoting Central Bank Digital Currencies ( #CBDC )within the U.S. or abroad. Very bullish imo for our decentralized coins. 📈
• Strategic National Crypto Pile - not only $BTC , but a whole diverse portfolio of crypto coins. Imo this is really #bullish for us, because if they support and bid on alts, it'll have a much bigger impact on micro/mid caps than only BTC. 💹
• Formation of a crypto task force - The goal of the task force is to enhance the dominance of the USA in the crypto world. 👀🔥
Now if we zoom out and think about the long term, it really looks great. 💪🏻🚀
Many people don't realize how many GOOD opportunities were created in the last few days!
#TRUMP 's coin sucked the liquidity of 90% + of the projects in the space.Whether they're small, medium or big projects -> all were affected big time with big dips
Take it as an opportunity, don't waste it. BUILD Your Spot more stronger than before. 💪🏻