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Zio Crypto
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Money market funds net asset has hit a new ATH of $7.4 trillion. This is almost 2x the entire Crypto MCap. Right now, the majority of them are invested in T-bills. But what happens when interest rates go down? Yields on T-bills will decrease, thus making it a far less attractive investment. This is when this giant liquidity will start moving into stocks and crypto. So don't listen to permabears as we're going up only.
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Everyone is waiting for the opportunity to enter in Bitcoin but if you looks closely, this is in front of you ➼Downtrend ....Uptrend.....Uptrend....? ➼I can see clean picture of $BTC ➼You rember what michael saylor told about BTC? ➼Reporter asked Would you ever sell Bitcoin? When’s the right time to take profits? ➼Michael Saylor: “I’ll be buying the top forever — Bitcoin is the exit strategy.” ➼The top OG is bullish on BTC how you can be bearish? ➼US house confirms bitcoin bill will be on the floor this week. ➼This bill = clarity. Clarity = TRILLIONS ready to deploy.
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$BTC is going to hit $135,000 in Q3. A strong weekly close above $107.7K was needed and it happened last week. After that, $BTC pumped $10,000 in just a week and still showing no signs of exhaustion. I think a rally to $120K, followed by some consolidation and then a pump to $135,000 is highly likely.
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The goal for the past year was to not capitulate and survive. I hope you have done that because the last phase of this bull run is going to be violent $BTC
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Holding $BTC has now been profitable 100% of the time. We are just getting started! 🚀
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