TLDR: We’re still going up. The last shakeout cleared out most of the leverage.
It doesn’t get clearer than this for banks and institutions to now double down on bitcoin as an investment/treasury strategy.
We may go down from the ‘sell the news’/disappointed crowd, but it will be met with strong demand from rising global liquidity and institutions moving to protect their money from the current uncertainty in the markets.
Don’t listen to the FUD. This bull cycle was never about the US buying, it was about institutions adopting. And that’s happening.
HODL.
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