The biggest threat to #crypto's current bull market in not crypto petering out, but another destabilization in the macro markets, maybe led by cracks in the mania of US equities:
I, too, want to believe in December 2021 being the top of this #crypto bull, just as December was the top in 2013 and 2017.
But when people get too comfortable in patterns is when those patterns change. History doesn't repeat, it rhymes.
And I can't help but wonder if the rhyme to watch here is US equities participants getting too drunk on their own punch.
There are people who 100% believe "stonks only go up." Once there's no more questioning is when we're primed to fall.
There are people who 100% believe "stonks only go up." Once there's no more questioning is when we're primed to fall.
If equities keep going all year, we see $100K+ $BTC and $ETH on fire. But if equities go into free fall, watch out.
Don't color me bearish, but also don't think of me as blindly euphoric about the state of the global markets and the world.
Lastly, while I'd expect #crypto to be dragged down over the short-to-medium term in the case of another "macro crash," over the long-term we'd see a strengthening of its uses and fundamentals amidst the chaos, setting up for a glorious bull in the future.
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