Mt. Gox, Elections, Germany, ETFs, FTX payouts
The recent 26% correction in $BTC made many believe that the growth is over and the cycle has ended
❍ However, looking at the chart, you can see that we are repeating the situation from 2019
❍ Such a correction is normal, and it should be even bigger
But for some reason, many find it insufficient to just look at the chart, thinking that this time it's different, and this happens every cycle
Although there are many negative factors, such as Germany selling $BTC, etc, there are also positive ones
Large Companies Investing in Crypto
❍ Many large companies, like BlackRock, have started to actively show interest in crypto and invest in it
❍ This gives confidence in the future growth and viability of crypto as a market
Big companies definitely know more than we do
Market seasonality
❍ It is a historically proven fact that summer is a period of stagnation, where the market is boring and in consolidation/correction
❍ This happened EVERY summer
This also happened this summer, so it should be seen as a chance to buy at lower prices
CZ is back
❍ CZ has become an iconic figure in crypto
❍ He is no longer the CEO of Binance, but he remains the main association with it
2 months ago, he was sentenced to 4 months of arrest, so he will be released in 2 months
It will have a positive impact on the market
US Presidential elections
❍ The elections turned out to be more predictable, and Trump is winning by a large margin
❍ At this rate, he will win, but what is important for us is that Trump actively supports crypto
This will clearly have a positive impact on the market.
