Good morning!!!
A good friend of mine, an employee of the QY DAO venture fund.
Below I have outlined their expectations for BTC growth, future trends and where to focus:
💡What will happen to $BTC ?
First, we need to understand why Bitcoin is growing and the market is entering a growth phase:
— news and events in the global/political situation. Here we can add the Fed rate, the wars that have been happening lately (Ru/Ukr, Palestine/Israel, etc.). All this greatly affects the crypto. Due to these events, much less money enters the market, therefore we do not see rapid growth yet;
— support of large funds, ETF approval, accumulation of assets by campaigns, speculations with large volumes of BTC. Fund employees understand the kitchen from the inside very well. All actions on the chart (green/red candles) are caused by the purchase and sale of large players. When these players are interested in setting a growth trend and draining their savings at the maximum price, they conduct certain speculations for this, as it was literally in the middle of summer.
— time of year. As strange as it may sound, but in the summer everyone goes on vacation. This is one of the significant reasons why we are not seeing wild growth now. Because of this, a huge number of top projects have postponed their listings to autumn.
This is a small part of the “conditions” for growth, but it plays a major role.
Now let's summarize my words briefly:
BTC growth - we will see it depending on the elections in America, which will take place on November 5. Until then, there will be a number of major speculations from global funds, which will have a positive effect on the cryptocurrency market and, in principle, on the stock market. Also, long-awaited Tier1 projects will be released, as a result of which they will bring new money to the market from investors and campaigns.
Crypto has long ceased to be something “dark” and associated with the darknet.
Today, a large number of coins are subject to strict supervision by the SEC and founders can no longer disappear into the sunset as before.
Due to this, we will no longer see wild pumps of large projects, since they are all regulated by many parameters.
So that you understand: after a coin enters the exchange, it has a huge list of rules that cannot be violated. In case of non-compliance with these conditions - delisting and in many cases prosecution by the law (if investors were deceived).
Alt and hundreds of X's have been replaced by MEMCOINS. The same NotCoin, Hamster, Pepe and tens of thousands of others that people prefer to deposit money into.
On the one hand, this is good, as the cryptocurrency is growing, attracting more and more new users and new money. On the other hand, this same money is spread across hundreds of thousands of different coins and does not flow into BTC.
The logic is simple: “Why invest 70 thousand in Bitcoin and wait for 100 thousand a year, having made only 50%, if you can invest in some shield and get 5x in a week?”
This is the mood of people we see today.
The market is wildly oversaturated with projects and startups. Our fund receives several requests daily for cooperation with some new project. There are too many teams and developers, and many of them are really good. Competition has increased a hundredfold.
I can’t fit all the information into one post, so I’ll briefly summarize our expectations:
- bitcoin under 80-100k by the American elections;
- broadcast at 5-7 thousand until the end of 2025;
- memecoins have become the middle part of the market and now they have a season all year round;
- You need to invest in altcoins today and build a portfolio at the moment. You can't expect prices lower than today in the coming year, for sure. There are no prerequisites for this, all the most interesting things are planned for later.
👉🏻Don't make rash decisions and always look into the future.🔥
