$btc to fall back to $70,000!? Then altcoins are likely to go to zero!
This is not my nonsense; it comes from Arthur Hayes's predictions.
On February 6, Arthur Hayes published a blog post stating that Bitcoin's strategic reserve policy is terrible, "The fundamental problem with the government hoarding any asset is that they buy and sell assets mainly for political gain, not financial gain." This policy may change with political shifts, altering Bitcoin's original trajectory.
Regarding the upcoming crypto legislation, Arthur Hayes is also pessimistic: "Those building truly decentralized technologies and applications do not have enough financial resources to manipulate politics at this critical moment in the cycle. Therefore, the desire for cryptocurrency regulation may materialize, and if it does, it will appear in overly complex and prescriptive forms that only large, wealthy centralized companies can afford."