🟢Those who capitulate or are upset today are missing some details:
1️⃣FTX has already started paying clients after bankruptcy, in the end they will pay $16,000,000,000, Mt.Gox will pay in “cash” more than $8,600,000,000 to clients affected by hacking in 2014 - 24 billion in pure money, by the fall, will fall into the hands of retail buyers. This is a lot, especially for the current market. (the risk of payments Mt.Gox will leave the market forever, and the FTX story will end with a happy ending)
2️⃣In the range of 3 months, according to experts and investors, the first Fed rate cut will occur in September - this is a step towards a reversal of monetary policy, an increase in the money supply, a decrease in the yield of American bonds, liquidity from which will begin to flow into the stock market (and since it is already expensive , in cryptocurrency, through BTC and ETH ETF), in a word, good times, under which all previous bull markets passed. Which we have been expecting since May 2022.
3️⃣Electoral year (especially about Democrats) - will inevitably lead to a “print”, for Democrats in the first place (social sphere - payments), and for voters (California, New York, Washington), economic well-being (stock market and crypto - a barometer of success ), in addition, there is a high probability of Trump’s victory - which means a complete reversal of the SEC’s policy, which has been crushing the crypto market for the last 4 years (Gansler’s resignation will cause euphoria).
4️⃣We are moving into times of strong geopolitical tension and, possibly, key changes in the world order - these times are accompanied by strong inflation and a strong rally in all high-risk markets, after which it is necessary to go into gold! Arthur Hayes wrote an interesting article about this.
5️⃣The ETH ETF has not even been launched yet, while ETH is not yet known to everyone, as BlackRock’s foundation for “asset tokenization (RWA)”, the SOL ETF is planned for the end of 2024 or the beginning of 2025 (it’s unlikely that VanEck decided to enter the bear market), and approval and launch of BTC and ETH ETF - gives the right to submit applications to many other projects, the market will transform, will receive tens of times more liquidity, even without a “seal.”
✔️Unprecedented conditions for the market and the world await us, which will favorably and significantly affect prices.