#Bitcoin TWANG Theory 2020 - To the moon.
How the Bitcoin bull-run will play out...
...thread, bad news first 😟
How the Bitcoin bull-run will play out...
...thread, bad news first 😟
Bad news: #Corona Virus is a global shock, possibly the worst in our lifetimes. Entire economies are shutting down, and it will get exponentially worse, before it get's better.
Investments are getting demolished. Companies will shut down. People will lose their jobs.
What will this do to BTC price? Most BTC holders are millennials, many of whom are going to need cash. What do you think they will sell?
...crypto.
What will this do to BTC price? Most BTC holders are millennials, many of whom are going to need cash. What do you think they will sell?
...crypto.
It should come as no surprise that Bitcoin's price is falling with the rest of the market. This pullback will continue.
Here is the good news: this pullback is going to build the potential energy for BTC's next bull-run.
Governments have spent the last decade making an implicit promise. In the words of Mario Draghi, they will "do whatever it takes" to make sure that numbers go up.
"Whatever it takes" means printing and debt.
"Whatever it takes" means printing and debt.
This is already happening...
The FED dramatically dropped interest rates.
The UK, EU, Japan, Israel, Mexico and others have announced Billions in stimulus.
euractiv.com/section/corona…
euractiv.com/section/corona…
Trump is planning a whole set of ways to shower the economy with cash.
marketwatch.com/story/trump-pr…
marketwatch.com/story/trump-pr…
At the same time, government is going to become more oppressive. There will be more quarantines, more surveillance, more regulation and an attack on individual freedoms.
The net result of all this will be currency debasement at a time of extreme volatility and fear.
People currently are looking to government to save them.
But next they will look for something to save them from government.
People currently are looking to government to save them.
But next they will look for something to save them from government.
This happened before in 2008 (Bitcoin's birthday).
First gold crashed. Then it exploded.
First gold crashed. Then it exploded.
This is Bitcoin TWANG Theory.
1. First we will see a pullback in BTC price, just as an archer preparing for a shot pulls back the string.
2. Then, the same energy that caused the pullback, will get suddenly released with a great TWANG.
3. Price -> Moon.
1. First we will see a pullback in BTC price, just as an archer preparing for a shot pulls back the string.
2. Then, the same energy that caused the pullback, will get suddenly released with a great TWANG.
3. Price -> Moon.
Next thread, how to position yourself for the TWANG (hint: HODL).
Stay tuned🧐
Stay tuned🧐
