What is the reason for the recent drop $BTC ?
At the Microsoft shareholders' meeting, a vote was held on accumulating reserves in BTC.
🐻 The market, inspired by recent news and expectations, assumed that shareholders would support the idea of accumulation. Such a decision could have set an example for other large companies.
However, shareholders voted against it, demonstrating that many large corporations are still not ready to consider BTC as a significant asset in the financial system.
🛫 This outcome hit the expectations of mass adoption of cryptocurrencies, which caused the corresponding reaction in the market.
I viewed this as ‘pre-New Year discounts’ and averaged down on recent purchases.
t.me/btc_inside_vip
