FederalXBT

Bitcoin sitting at a 5 year macro low -- coincidence SEC?

Long
CRYPTO:BTCUSD   Bitcoin
Minus all the news going on right now, it was clear "altcoins" "web3" was going to have its day once the SEC got its order in place, I believe that day has finally arrived.

I have been building a long position on Bitcoin since the $20,000 level preparing for the next cycle, including well structured BTC mining companies.

As my theory would be the moment the SEC makes a move on the "altcoins" it will be like a 2002 NDX bottom / 2009 bottom.

There's nothing the SEC can do to deem Bitcoin a non security without breaking its own law, meaning all "blockchain" "Web3" "memes" will be shifted directly at Bitcoin.

No coincidence Blackrock & Vanguard have cornered the MSTR market and Miners. They saw this coming from a mile away.



What's next? Bitcoin to take the spotlight and make its biggest move yet. .

I suspect history will repeat and there will be a new "altcoin rush" once again in the coming years with a different form hopefully people have learned and don't make the mistake again.



Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.