Fiat currencies are a phase-out model and financial repression destroys much wealth. The latest inflation numbers shake up the bond markets. #Fed 2022 hawkishness hit another ATH after Employment Cost Index (ECI).
2/ To understand the current stage of crypto development, we can use an analogy and compare the number of cryptousers with that of the Internet. We are in the year 2000 of the Internet👀👀👀
3/ There are a lot of indicators for trading.But the main thing is that more and more people are using crypto (demand/wallets⬆️), although after 3rd halving hardly any #BTC are being mined (supply).
This leads to scarcity and stronger demand than supply.Thus,#Bitcoin price rise!
Large sums of money that have been invested in the mining sector. This reflects the "smart money" expectation of price developments in the near future🚀🚀🚀
5/ Scarcity increase over time👀
#BTC supply divided by the total number of unique addresses used on the blockchain🔥🔥🔥
It is a matter of time that new users will lift the price even higher, while halving dates will reduce supply🍦
6/ #BTC hedges against inflation while the price is driven by its scarcity and declining supply😍😍😍
2. BTC hedges against inflation. Inflation is rising, money is worth less✔️
3. BTC is strongly linked to the stock market✔️
9/ While the retail investor continues to panic, smart money continues to add new #bitcoins at current level. Pointed out by my TA fellow @EtherNasyonaL (a must follow) in a previous post🔥🔥🔥
10/ #Bitcoin addresses are steadily increasing over time. More addresses, more users❤️
At SOPR, we are currently in the twighlight zone 0.07. Using 10-day EMA for the SOPR. Top 2 to 6 (selling zone) and bottom -2 to -4 (buying zone).
12/ #Bitcoin is replacing #Gold as sound money. So many disadvantages of physical gold... #bitcoin price trendline moves with US #inflation trendline. Geopolitical tensions will continue to exist. Money printing will continue.
13/ We're sticking with it,governments are eliminating the value of fiat currencies. At the same time,we are still in the early stages of crypto. Whether you hit the low on #BTC and trade or HODL will not be decisive in the long run. You just have to be on the right side👐💎
14/ Finally, superb technical analysts you should follow 🔥🔥🔥
Halving is done and yet, Bitcoin continues printing red candles. Is this it for this cycle?
A lot of folks are insecure, especially in light of the geopolitical and macroeconomic situation
Let's take a look at some charts and indicators.
A 🧵
1/x
The short answer at the beginning: no, we are not at the end of the bull market.
We believe what we see is a correction which could send us back to the 50ks.
Call it triple top, call it wyckoff distribution. Bitcoin is in correction mode, but...
2/x
... we still believe that this is temporary. In a thread on 2 April, we wrote "double top, decreasing RSI, no bullish divergence in sight. ➡️More downside"
This has been true and so far, BTC stays in this corrective channel
10 facts you need to know about the #Bitcoin ETF hype.
This is not a thread🧵by Stockmoney Lizards🦎
1⃣ What are ETF´s
An Exchange Traded Fund (ETF) is a fund with tradable shares on an exchange. Bitcoin ETFs, specifically, simplify access to Bitcoin in investment portfolios. These funds hold Bitcoin, offering a straightforward way for investors to participate the crypto hype without need of buying real #Bitcoin over a crypto exchange.
2⃣ ETF and the classic financial market
Until now, the crypto market has been decoupled from the traditional financial market. In the past, Bitcoin could only be bought via crypto exchanges.
As we are well aware, Bitcoin's history is marked by scandals and crypto exchange bankruptcies, with the most recent being the #FTX crash. This has repeatedly led to resentment in the past.
Large asset managers and financial institutions in particular have not yet invested in #Bitcoin, especially because of the uncertainty. In its early days, Bitcoin attracted idealists, developers, and visionaries, but not the big money. This will change now.
January - first ETF approval
(the first of several pending applications)
According to Bitwise, the estimated spot bitcoin ETFs could capture 1% of the $7.2 trillion U.S. ETF market within 5 years, or $72 billion in AUM. This is huge for #Bitcoin
March - FED start to cut interest rates
FED keeps interest rates unch for the 3rd meeting and its expected to see three cuts next year. Markets price 5.1 cuts for 2024.
This is why #Ethereum will outperform #Bitcoin till the end of 2025.
A thread by Stockmoney Lizazds🦎
1. Scarcity - Part I
Ethereum became deflationary following the merge/ triple halving in September 2022, marking a fundamental shift in ETH's supply. This deflationary change is new and has not been the case since its release in 2015. And not for the last bull runs 2017 + 2021.
1. Scarcity - Part II (Staking)
The transition from PoW to PoS coincides with a growing share of staked ETH. Currently, over 28.5 million ETH are staked and unavailable on the market. This represents approximately 24% of all ETH, and the ratio is steadily increasing.
Ten reasons why #Bitcoin will go into bull mode at the end of this cycle, as it has done in the past.
A thread by Stockmoney Lizards🦎
1: HODL - Scarcity Factor I
The total supply held by long-term investors has surged to a new all-time high,with nearly 15 million Bitcoin. As more long-term investors hold onto their Bitcoin, the available supply on the market diminishes,driving prices higher. Its that simple.
2: Halving in April 2024 - Scarcity Factor II
The halving event undeniably exerts upward pressure on the price. Halving takes place every four years, diminishing the supply of new bitcoins through a reduction in the block reward. Note, the max supply is capped at 21 million.