This cycle might not follow previous cycles and will have its own path
This cycle might not follow previous cycles and will have its own path
The ICO mania started in mid-2017.
The NFT mania started in March 2021.
These manias led to altseason.
So, what’s our mania this year? I think it’s Bitcoin mania — ETFs, Strategic Reserve, Bitcoin Treasury Companies, etc.
Time and time again, Bitcoin breaks ATH and survives a lot of chaos — the fall of big exchanges, wars in Eastern Europe and the Middle East, rising interest rates from the FED, global market selloffs, trade wars, and more.
Many people still think we’re repeating the 2017 cycle, like it’s guaranteed. But what if this cycle is different? What if altcoins stay lagging behind and don’t rise with Bitcoin?
I hold some alts, and I still think altseason will come once the FED turns dovish. But what if the FED doesn’t ease? Then maybe Bitcoin just keeps going up, following global M2 like it usually does.
Adapt accordingly because this cycle might be different than the others.
My economist coworker mentioned that it’s very likely going to happen, when the Fed pushes QE, later this year. It’s going to happen sooner or later.
First it decoupled from the S&P 500. Then it decoupled from Alts. In the year 2034 it decoupled from us. With the help of AI, it built a spaceship and all of Bitcoin and along with Satoshi himself, left earth in search of a better life.