The fundamentals of Bitcoin are indeed positive at present, because it has shaken off a wave of investors since it came up from the bottom, and it plummeted several times in the middle. Black swans, bankruptcies, liquidations, Bank of America and other events have scared off many investors, because the past year was extremely cold, and the continuous shock and decline made people feel desperate. The panic greed index also hit a continuous historical low last year. When the bear market just started last year, many people set the bottom-fishing time as next year. I think bottom-fishing is not based on time cycles, but on price changes. I have been bottom-fishing around 20,000.

The "Kezhou Qiujian" school will definitely choose a suitable time point. For example, the Bitcoin halving time is 2024. Many people are waiting to buy the bottom in the second half of this year or near the end of the year, and make arrangements half a year in advance. Little do they know that consensus is meant to be broken.

The cryptocurrency circle is a process of constantly building and breaking consensus. The Kezhouqiujian faction probably didn’t make any money this time. If I were a dog dealer, I would continue to fluctuate and rise until the second half of the year, when it is around $40,000. When you can’t help but buy the bottom of Bitcoin for the halving, I will distribute the chips. Remember, don’t buy the bottom of Bitcoin for the halving at the end of this year!

The high debt of the United States will inevitably start printing money again, and cryptocurrencies will usher in good news

Over the past decade, one of the two factors, fiat currency liquidity or technological progress, has always been the reason for a bull market, but we have not experienced a bull market created by both factors at the same time. This may be the biggest bull market in the crypto field and even in the risk asset field.

The next bull market is extremely optimistic about the concept of AI. There are many things to watch in the future. The biggest trend may be AI (artificial intelligence). Every era has its own topic: in 2000, the Internet ruled the world; in 1929, radio and railways ruled the world.

In different cycles, we pay attention to emerging technologies that will completely change people's lives. The same is true for AI. Since the invention of the computer Internet, the popularization of computers has promoted the rapid upgrading of human civilization, which can also explain why investors are so concerned about AI. The potential scale of the entire AI economy can reach 17.1-25.6 trillion US dollars

AI drives technological progress, and AI requires cryptocurrency. Therefore, the future is a double bull market for the crypto industry.

Another thing AI needs is food: computing power + data storage. AI food mainly consists of computing power (from Nvidia and semiconductors) and data storage. In 2022, the estimated data storage demand market size of AI is US$90.17 billion, and it will grow to US$472.47 billion by 2030.

Why does AI need decentralized storage? Centralized data management has the following problems: poor data management; lack of control/transparency over data; predatory pricing and opaque pricing. Fundamentally, AI needs decentralized storage and will create a huge demand for decentralized storage.

So everyone thinks that FIL still has a chance, and no wonder Arthur Hayes is very optimistic about FIL

At the same time, he put forward the view that he hopes there will be a listed token that can be purchased. This token has completely collapsed, falling more than 90% from its historical high in 2021. The most active sellers have sold all of them. In this way, when this token starts to rise, it still has a lot of room for growth. It does not take too much money to make this token rise for 10 or 20 years, and it also needs to be related to the AI ​​industry chain.

Finally, careful fans should be able to see that my articles in the past two days have clearly predicted the market outlook for the next month.

Tell me why you are so firm.

From the perspective of the Fibonacci sequence, we have reached the golden position of 0.618, plus 25,000 is a very critical and important support. I have talked about this countless times this year, and I believe the old group members know that there is a high probability that there will be a rebound here.

Then, from late September to late October, there is no Fed meeting in October, but in November, so there is an opportunity for bulls to take a breather. In history, Bitcoin has always performed well in October. Combined with many long-term indicators, buy signals have been issued.