Bitcoin Is Pumping! (But Could This Just Be the Calm Before the Collapse?)
TL;DR
Some expect BTC to dip before rallying (as it typically does at this point of the cycle), others think the BTC ETFs will halt the trend - both are good long term outcomes.
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Are you team ‘Collapse n’ Rebuild’ or team ‘Skyrocket’?
Confused by the question? Same.
Here’s what we’re on about:
Right now there are two schools of thought as to where Bitcoin is going to go in the coming months.
One side points to the fact that, historically, we tend to see a break down in price at this time in the cycle — before launching to new all time highs.
The other side claims this time is different, because we now have Bitcoin ETFs, which are vacuuming up BTC, day-after-day (essentially stabilizing the price).
Now here’s the cool part…
None of this matters.
Both are great outcomes in their own right:
If the price breaks down before take off — that’s a buying opportunity.
If it the price climbs straight up to all time highs from here — we’re all makin’ money baaaaby.
That said, if you’d like to debate in real-time about this win-win situation, the conversation/argument seems to be living on this X/Twitter post.