Some may not be ready to admit this yet but most will look back and see the damage that meme launchpads did to crypto. Portfolios and conditions would be a lot different.
@middle_class_us People aren't struggling because of the price of milk. They buy cars they can't afford, buy name brand clothing, shop online daily, live in places outside their means, eat out weekly, drinks on the weekend, then think a slightly higher grocery bill is to blame.
“If I put $100 in Bitcoin in 2010 I’d have $2.8B now.”
No.
If you bought $100 of Bitcoin in 2010 and watched it go to:
$1k → $100k → $1.7M
and did nothing
Then watched $1.7M go to $170k
and still did nothing
Then watched $170k go to $110M
and still did nothing
Then…
A lot of people in real estate keep calling for the Fed to lower rates to revive the real estate market.
But the last time the Fed cut rates, the 10 year yield rallied from 3.6% to 4.8% and so mortgage rates went higher.
The long end only goes down during rate cuts if the…
Imagine being Powell right now.
Brought inflation down from 9% to 2% while keeping the unemployment rate at 4%.
Stocks, Bitcoin, and Gold are all at all time highs.
And people are demanding he resign.
My base case for those who don't get the nuanced view:
BTC.D rejected at 0.786 Fib Level (66%) just like it was rejected at 0.618 Fib level (60%) last year.
ALT/BTC is up because ETH/BTC is up
But ALT/ETH is bleeding
So ETH is better than ALTs.
Remember ALT/BTC pairs have found…
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