Remember when everybody screamed: - “this time is different” - “BTC cycles are broken as it made a new ATH before the halving” - “cycle theory is done”
Well, it’s not.
#Bitcoin is still perfectly on track for a spectacular 2025
- CCIP - SWIFT - World Liberty Financial - GAS IN $LINK - DTCC - BNY Melon - JPMorgan - Citi Bank - US Bank - Franklin Templeton - Euroclear - UBS - ANZ Bank - State Street - Invesco - Hong Kong Monetary Authority - Clearstream - Citi - BNP Paribas - Lloyds Bank - SDX - Deutsche Bank - Vodafone - Telefonica - 21Shares - Australia and New Zealand Banking Group (ANZ) - LinearFinance
•Texas: Proposed bill to accept taxes and donations in Bitcoin, with plans to hold these funds for 5+ years. •Ohio: “Ohio Bitcoin Reserve Act” introduced to allow state treasury investments in Bitcoin. •Pennsylvania: Considering allocating up to 10% of its General Fund to Bitcoin as a strategic reserve. •Florida: Exploring Bitcoin reserves with plans for action by early 2025.
#Bitcoin 2012: "No one uses it" 2013: "Only criminals use it" 2017: "Only speculators use it" 2019: "Only a small % of the world uses it" 2020: "Only small companies use it" 2022: "Only small countries use it" 2024: "Trump is only using it for votes"
I can’t help but have the gut feeling we’ll see the following scenario soon:
-> $BTC drops back to $85k - $90k -> altcoins drop 30%+ -> $BTC stabilizes -> altcoins start pumping hard
What we have seen recently is a little appetizer for a real altseason. To have a real one we first need to see $BTC go down ~20% from ATH and chill, see a lot of blood for altcoins and then we go.
Right now with BTC sitting close to ATH, we simply don’t have the right ingredients to cook the best version of an altseason.