read.cash Log in
@ColinTalksCrypto more from that month

Bitcoin Halving is April 2024. A large economic crash is also coming. Most likely path forward? As mentioned yesterday, the #Bitcoin #Halving Event is coming April 2024. However, a large economic crash is also coming. What do I think is the most likely path forward? The path that makes the most number of market participants wrong. These scenarios would make the maximum number of #Bitcoin market participants WRONG: 🔸1. Bitcoin peaks EARLY, some time within the next ~8 months (either making new ATHs or not), or 🔸2. (CONDITIONAL: IF, and only if, a Bitcoin ETF gets approved) Bitcoin could see a secondary pump in first half of 2024, timed with any ETF hype. This peak would be larger than in #1 above. - Both of these scenarios (and their associated peaks) would occur before the typical bull run timing (which has historically occurred quite a bit after the halving). - Both of these scenarios would be followed by a large crash, leaving us without the standard bull run after halving event. - Both of these scenarios would make the maximum number of market participants wrong about the now-mainstream idea of “bitcoin always does a bull run after the halving”: Summary: Everyone is expecting a bull run AFTER the halving event. This has become mainstream knowledge after 3+ cycles. The market loves to make the herd wrong. What better way than to peak before anyone expects it? Background logic: My 7 minute video here explains why I strongly believe a general economic crash is coming: https://twitter.com/ColinTCrypto/status/1685280603900366848/video/1

No comments yet

Log in to join in Reading is open to everyone. Replying needs an account.