> “Then, it'll be time to tuck away profits and strategize for the next 4 year halvening cycle.”
This could be the right strategy, based on patterns established over the previous three cycles, the retracements in the second year following the halvings have historically been brutal. But I think there’s a compelling argument for this cycle being different.
2024 has been a game changer in terms of the regulatory framework for Bitcoin setting off an epic avalanche of institutional adoption that, like the Terminator, absolutely will not stop. Ever. Until you are loaded.
Consider how much changed in 2024; January’s Bitcoin ETF approval, Bitcoin ETF options, mainstream bank custody approval, FASB updates taking effect on January 1 2025 facilitating fair value reporting of Bitcoin on corporate balance sheets, country adoption, Lummis’ Strategic Reserve Bill, now with a majority pro crypto Executive and Congress (House & Senate) to help get it over the line.
All the above have irrefutably established Bitcoin’s reputation as mainstream and respectable rather than cyberpunk and shady driving retail adoption.
Couple this with supply shock, demand consistently and sustainably outstripping mining capacity with a rapidly dwindling balance of Bitcoin on crypto exchanges. Bitcoin’s market cap is less than $1.5T in a world with $900T of wealth, a staggering upside potential. The immutable laws of supply and demand may well disrupt the established cycle and it could persist without a bear phase for several years.
On cycles, I don’t personally subscribe to the drivers being halvings or US elections. The clock was reset following the 2008 market crash to coincidently align with the arrival of Bitcoin. Liquidity drives the business cycle and we are heading into multiple years of money printing stimulus, together with low interest rates.
Speaking of which, expect a continuation to the upside today following the widely anticipated, but probably priced in, 25 bps Fed rate cut.
Personally I intend to hold through the next cycle, avoid tax, and ignore any transient price pullbacks. The long term trends will prevail even if I’m wrong on all of the above.
Trump making fun of himself.
Classic!
https://youtube.com/shorts/f_sPTuInY4M?si=V0G66Wp9L3uGUNY7
Tucker making way too much sense
Listen;
https://youtu.be/mTHIYcn9u1Y?si=kwqIkK6lYcOs56KA
How the Amish vote tipped the scales!
#Rumspringe
https://youtube.com/shorts/4bYgFB4hZ_0?si=5LMdnGzdi01exlnE
I'm Sold. Nash is Nakamoto.
Hear this out (and see A Beautiful Mind if you've never seen the movie)
https://youtu.be/xYuNA3ifPKc?si=ji3gVuaMlgZT6JGK
> “Then, it'll be time to tuck away profits and strategize for the next 4 year halvening cycle.”
This could be the right strategy, based on patterns established over the previous three cycles, the retracements in the second year following the halvings have historically been brutal. But I think there’s a compelling argument for this cycle being different.
2024 has been a game changer in terms of the regulatory framework for Bitcoin setting off an epic avalanche of institutional adoption that, like the Terminator, absolutely will not stop. Ever. Until you are loaded.
Consider how much changed in 2024; January’s Bitcoin ETF approval, Bitcoin ETF options, mainstream bank custody approval, FASB updates taking effect on January 1 2025 facilitating fair value reporting of Bitcoin on corporate balance sheets, country adoption, Lummis’ Strategic Reserve Bill, now with a majority pro crypto Executive and Congress (House & Senate) to help get it over the line.
All the above have irrefutably established Bitcoin’s reputation as mainstream and respectable rather than cyberpunk and shady driving retail adoption.
Couple this with supply shock, demand consistently and sustainably outstripping mining capacity with a rapidly dwindling balance of Bitcoin on crypto exchanges. Bitcoin’s market cap is less than $1.5T in a world with $900T of wealth, a staggering upside potential. The immutable laws of supply and demand may well disrupt the established cycle and it could persist without a bear phase for several years.
On cycles, I don’t personally subscribe to the drivers being halvings or US elections. The clock was reset following the 2008 market crash to coincidently align with the arrival of Bitcoin. Liquidity drives the business cycle and we are heading into multiple years of money printing stimulus, together with low interest rates.
Speaking of which, expect a continuation to the upside today following the widely anticipated, but probably priced in, 25 bps Fed rate cut.
Personally I intend to hold through the next cycle, avoid tax, and ignore any transient price pullbacks. The long term trends will prevail even if I’m wrong on all of the above.
Keep up the great work Jimmy.