Let me take you back in time, to my 2nd Cycle when the last rate cuts begann.
Everyone with the mouth was vocal about Alt Coins outperforming BTC and giving insane returns.
Now, that we are getting closed to Mid-September Rate Cuts i just want to remind you that we are in more uncertainty than we were back in 2019 prior to Covid.
Geopolitical escalations, unstable Labour reports, liquidity problems among the big Bank players and uncertainty in the American politics.
This could lead to much worse drawdowns than what we've had in 2019.
Just take a look at the 1st picture and see how the market reacted after the 1st Rate Cut.
It was downhill with the final capitulation when Covid Hit.
Regarding Alts, take a look at the 2nd picture of #BitCoinDominance and understand that it topped right as the Rate Cuts arrived.
Stay Safe out there.
The Altcoin run that they are selling you comes only after the FED switches to QE.