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lurkaroundfind
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Trump topped memecoins by launching his own.
Now he’s topped
BTC
by raising $2.5B to buy.
#BTC
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lurkaroundfind
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All the Bitcoin catalysts are behind us. ETF, Trump, strategic reserve. Only thing left is the BTC treasury company ponzis. The cycle always begins with fundamentals and ends with ponzis.
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BTC is still a speculative risk asset, not a safe haven. Because it has two major unsolved problems. 1) Security model 2) Quantum resistance With so much uncertainty, BTC isn't yet ready to be a true safe haven. This is why I think another brutal bear market is inevitable.
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Everywhere I look it’s top signals. - Trump aggressively milking crypto - Too many copycat treasury companies - Circle IPO - PumpFun token - Saylor inventing new financial instruments to keep the ponzi going - Chart looks just like end of last cycle The hour is late.
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I guess I really don’t know much about trading or markets. But I know we’re late in the cycle, there’s too much optimism around Bitcoin, and summer is right around the corner. Cash is your friend.
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A lot of optimism baked into crypto prices here. Trump’s company about to spend $2.5B, that Ethereum company about to spend $450M, and FTX users receiving $5B. All these hit in the next few days. But what then?
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