We're so used to the volatility.
But mainly you have to believe that Bitcoin will eventually go up and make an incredible run.
I believe so for the following reasons:
1)Bitcoin follows a pattern, and the pattern is almost identical each time. Whatever psychological, mathematical, or economic factors are affecting the cycle, it will be likely to repeat.
2)Bitcoin's price is determined by demand and supply. The supply of new Bitcoin is cut in half, whereas the demand will now be much greater due to ETFs and mainstream financial instiituions buying Bitcoin. As the demand increases, and people anticipate the historic cycle to repeat, the price will go up, and demand will further increase. People are greedy, and there will always be a demand for quick and easy money. Just like lottery tickets, or gambling. The demand for Bitcoin becomes a self-fulfilling prophecy or feedback loop, since the demand increases prices, which increases demand...
3)Monetary policy will be loosened and as interest rates are slashed, risky assets such as Bitcoin will increase in value due to the influx of cash.
4)The whales at the very top are very powerful and well connected. They will do everything in their power to make sure the cycle repeats so they can double or triple their wealth. They're not going to let Bitcoin NOT explode. They have the ability to maniuplate price and create hysteria through social media and bring in the masses. FOMO will be at its peak next year.
Just look at how they have now infiltrated the very top. They have essentially bribed the most powerful people in the world, including Trump and other politicans by pourin in hundreds of millions of dollars to get what what they want. That's why the Bitcoin ETFs were approved, more Bitcoin-friendly legislation is being considered, and there are less crackdowns on crypto. Crypto money has made its way into the very top level of the financial and political world. Trump and the other politicans were like puppets spitting out exactly what the crypto community wanted to hear, since they paid them to say it. Money is power.
In the end, Bitcoin is a ponzi scheme, and all ponzi schemes collapse. I would NEVER sleep easy after this cycle, that's why I'm pulling out after it. It's only a matter of time before the whole systems collapses. NFTs, meme coins such as Doge and Shibainu are outright worthless. Any new technology can replace Bitcoin at anytime, making Bitcoin worthless. The scam can only last for so long. I believe there will be a Netflix documentary about the rise and fall of crypto in the upcoming years.
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