- No alt season - Memecoin super cycle - Tariff wars - US President launched a meme coin - His wife sucked all the liquidity and crashed it all - WW3 that never happened - Bitcoin chilling at ATHs and everyone is depressed.
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29% raised concerns about advisors’ inexperience or unclear risk explanations.
🇺🇸 The Arizona House passed HB 2324 (34-22) after Senate approval (16-14). Pending Governor Hobbs' approval, the bill allows the State Treasurer to create the "Bitcoin and Digital Assets Reserve Fund".
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🇫🇷 France has been hit by yet another cryptocurrency-related kidnapping. A 23-year-old individual from Maisons-Alfort was abducted on Tuesday and was only released after their partner complied with the kidnappers’ demands, handing over €5,000 in cash and a Ledger wallet suspected to contain cryptocurrency of unknown value. 😱😳
When I say I see $ETH still going to $10,000 it's not hopium speaking.
I hate that myself and my targets on any token or coin in the entire market is almost always way more conservative than anyone else.
But when I say Ethereum is going to $10,000 that's actually my very realistic target (and really long term quite conservative actually).
What I consider hopium is saying it will happen fast or very soon.
We don't know that and very likely not this year.
But Ethereum (and others) have been held back quite a bit by the current landscape and geopolitical conditions in the world.
It's still the backbone of DeFi and the regulatory acceptance and institutional demand in time will likely skyrock just like what happened with Bitcoin this cycle.
(this is actually already happening on a smaller scale)
ETFs have also shown large interests in times of market clearance.
Move forward in time with all of this and you're looking at the second most sought after crypto in the world.
The reason why I often say the top is not in is because of how strong Bitcoin is behaving at the prior local highs despite everything that is going on in right now.
Not to mention it's still in a massive uptrend (don't fight the trend).
The reason why I often say alts will run is because every single expansion from Bitcoin above the local highs has allowed to altcoin market to flourish to some extent as well.
Don't mistake this with altseason however. Altseason in the traditional sense people like to call it is a combination of the market cap rising and Bitcoin dominance going down (alt outperformance).
We haven't had that yet and it's still unclear when we will (likely macro related).
BUT there have been smaller runs as well where altcoins have been able to have brief little moments to flourish and rise in the market (when Bitcoin strongly expended above local highs).
We will have those again this time. At the very least we will have this again.
The best scenario is to have all conditions light up but we aren't quite there yet beyond the speculation of when (although this can change in the blink of an eye however).
It's due to the fact that people see (and use) this industry as a gamblers markets.
In reality, a huge part and use case of crypto (whether we like it or not) is indeed being a gamblers market.
But it also goes way beyond that an people are slowly forgetting to see it.
TradFi can benefit enormously from Web3 use cases (which is already happening under the radar as we speak) including the endless possibilities with tokenization of real world assets (making things cheaper and easier to trade and scale than ever before).
A huge part of the world sees this industry as a scam (which is understandable as a part of this industry is also a gamblers market).
But someone that has been here long enough and seen the entire ins and outs of the industry would be a complete fool (sorry for my language) to say the same.
It's also the main reason why I'm staying here.
I often get praised for not getting burned out here in this industry and how I keep the same motivation and energy as well.
It's because I look beyond.
Focus less on the bad in here but more on the good.