What if I told you Bitcoin is in a healthier place now than when it was at the same point post halving last cycle?
It's currently only down ~19% from last cycles top (141 days post halving).
In 2020, it was down ~46% from the 2018 top 141 days post halving.
The same narrative that's being used against it now was being used against it then...
"Bitcoin is obviously nothing special anymore, equities are outpacing it."
"It's obviously not a good hedge against inflation."
"Everyone is tired of all of the bad actors."
"Maybe the top is in, we just can't seem to move past $10K resistance. If it can't happen in this market, why will it ever happen."
etc.
What happened? It eclipsed a trillion dollar market cap, alts printed even harder, real dapps started to develop, new sectors like NFTs emerged, and that's only scratching the surface.
When we rip out of the range into new ATHs this time around, institutional money can funnel in easier with spot ETFs, we have more regulatory clarity, and we might finally have a president that's pro crypto as one of his key running points.
Be more bullish anon.
