I completely agree. We have seen nowhere near enough failure in the economy to be diving in head first.
The only anomaly will be if people see Bitcoin as a flight to safety outside of the financial system, and it continues to increase. Bit like how people invest in Gold in times of uncertainty.
As a crypto buddy keeps telling me, it might not be the bottom, but we’re certainly nowhere near the top. Now is a good as anytime to DCA and treat BTC as a savings account.
But what we do know from previous draw downs as soon the interest rates come down (which the fed may do at some point) BTC momentarily drops then starts the grind back up. Like a “buy the rumour sell the fact” to quote Raoul Pal.
I completely agree. We have seen nowhere near enough failure in the economy to be diving in head first.
The only anomaly will be if people see Bitcoin as a flight to safety outside of the financial system, and it continues to increase. Bit like how people invest in Gold in times of uncertainty.
As a crypto buddy keeps telling me, it might not be the bottom, but we’re certainly nowhere near the top. Now is a good as anytime to DCA and treat BTC as a savings account.
Hey Robert, Answer: no one knows.
But what we do know from previous draw downs as soon the interest rates come down (which the fed may do at some point) BTC momentarily drops then starts the grind back up. Like a “buy the rumour sell the fact” to quote Raoul Pal.