Volatility is returning to #Bitcoin as uncertainty spreads through the market on regulatory concerns regarding 💩coins and associated exchanges.
I’ve been preaching how I think this cycle, and potentially ones in the future, will invalidate the idea of diminishing returns.
Obviously I’m expecting institutions and nation states to take the baton from retail, as retail reaches its optimal influence on price action.
I was also expecting a $BTC.D rally, as more people realize there is no second best + #BTC gaining utility, no matter how useless…
Now I am expecting this process to be accelerated by regulators forcing đź’©coiners to become Bitcoiners.
If #Bitcoin was the only coin we would be sitting at upwards of $57k and would have peaked at ~$125k.