🧵 1/ So the #Fed added $300B to its balance sheet seemingly overnight.

What you’re seeing for #Bitcoin isn’t organic demand.

It’s a speculative boost.

Yes, we’re in a speculative market but for a bull market we need sustained capital injection.

Banks are literally broke. 👇 2/ These rallies can’t be sustained into long-term uptrends imo.

They must remain as rallies.

ESPECIALLY if you want more upside in the future.

The higher we go now, the more of a cap is place on the future upside.

Why?

QE, even by any other name cannot continue forever.

1/n The crypto time-machine strikes again

Use it wisely.

2 years of gains have been erased from the market putting us at pre-bullrun levels.

Could it go lower? Yes.

Will life-changing opportunities present themselves? Probably…

But this time is different.

Do not rush in. 2/ Whatever the situation, don’t become complacent.

Don’t look away.

Don’t leave.

So many people watched their wealth evaporate in front of their eyes in 2018, averting their gaze from the market forever.

Leaving a bad taste in their mouths, never wanting to return.

The insane pushback against the Ubisoft NFT announcement indicates two things. (Past sentiment towards Ubisoft ignored)

1. A mass misunderstanding of the utility that NFTs can bring, especially to the gaming world.

🧵 cont. Even though the studios will be rewarded and have a MASSIVE financial incentive to pursue this. The user benefits as well.

Users already spend millions on in-game assets that THEY DO NOT OWN. Disposable non-transferable assets.