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CRYPTO PRINCE LEHPOE
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NEW: GBTC’s 5-day moving average shows outflows are clearly slowing 👀 The worst of the bankruptcy sales may finally be over 🙌

NEW: GBTC’s 5-day moving average shows outflows are clearly slowing 👀

The worst of the bankruptcy sales may finally be over 🙌

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JUST IN: 🇺🇸 US President Joe Biden Administration says Biden would veto legislation that would allow highly regulated financial firms to custody #Bitcoin    and crypto.
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When co-founder of Three Arrows Capital Su Zhu was asked what he would do if he started in crypto today in search of the mythical 100x ❓ He said that he would look for one good coin and that "$10,000 is an amount you can afford to lose if you’re in the Western world because you’ll earn that back in salary" 🙄 Well, you can believe Su Zhu because he is a true expert in losing money. In 2022 his fund 3AC went bankrupt after having $10 billion in AUM at its peak 😄
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COINSHARES: “We estimate the average purchase price of these ETFs since launch to be 🇺🇸 $62,200 per #Bitcoin   ; as the price fell 10% below that level, it may have triggered automatic sell orders.”
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#BITCOIN    CYCLE TOP $250k ? In July 2016 cycle, Bitcoin topped out 518 days after the Halving In the May 2020 cycle, Bitcoin topped out 549 days after the Halving If history repeats, #Bitcoin    will most likely to top out approximately 518 - 549 days after the Halving. This would imply that Bitcoin could peak in the current cycle in mid- September or mid-October 2025 with targets of $150k-$250k. What do you project the price of Bitcoin will be at the peak of this current cycle?
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“Finally a half coiner” #Bitcoin   
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