Friends call me crazy when I say Bitcoin is going to $13 million in 21 years according to Saylor.
Bitcoin will climb the wall of worries.
All we need to do is hold on to it and not keep worrying about its price action.
Yellen has confidence in soft landing. Printer is ready if she is wrong. Expect a new wave of money printer goes brrr.
The best time to buy is when everyone in fear.
Every single time. #Bitcoin
When the fear is running the market, only the brave one will have the courage to buy.
1st rule of Bitcoin: Buy it.
2nd rule of Bitcoin: Hodl it.
3rd rule of Bitcoin: Don’t over leverage it.
Risk assets react poorly to the risk of weaken job market.
Fed has been consistent and transparent on their rate policy. 25 bbp cut is most likely.
There is overwhelming support and consensus on soft landing. The Fed wants it so do the market. However, the unemployment data is telling a different story.
Bitcoin price action is signaling risk-off. Stock market should take a notice.
Allen Litchtman, the man who successfully predicted the U.S. presidential election in the past 40 years, is predicting Kamala Harris will win.
If he placed his bet on his prediction each time, he would turn 1 dollars into 1024 dollars. That’s 102400% of compounding return.
BlackRock Bitcoin ETF has ZERO outflow yesterday.
Buffett’s cash pile is now $300 billion.
To put that in comparison, that’s 1/3 of Bitcoin’s market capitalization.
"We will make America the world capital of crypto and Bitcoin." – Donald Trump
The potential black swan for Bitcoin and risk assets is the market has over underestimated the trend in unemployment rate.
The equity market has top for now and it’s just starting to go through a correction sparked by the unemployment rate and the weaker economy. The AI sector is cooling off for now until Nvidia’s BlackWell release in Q4. Whether or not we have entered a recession is unknown, but any bad economy data will continue to drive the market lower. The market can still have a strong rally but it will depends on strong overriding on the current trend in the unemployment data.
The good news is the Fed will cut rate and release liquidity to the market but the effect will not immediately affect the market price action. It tends to kick a month or two before the market bottoms.
I could be wrong and I am wrong often.
The market will not respond to liquidity increase and the Fed cut until few months later. Meanwhile market is in consolidation or mid-cycle correction.