It’s been 6 months of a downtrend on Bitcoin and the while crypto market is feeling the pain. This comes in a time of economic uncertainty and much talk about a global recession. But guess what? There might be a silver lining for us Bitcoin hodlers.
I’ve been very vocal about my conviction that Bitcoin’s bull cycle has not yet run out of its course and that we will see new highs in the coming months. Let me elaborate.
There is a parallel between Bitcoin and gold during the Great Depression. Back in the 1930s, when the economy was in shambles, gold saw a massive surge in value. And guess what? The same thing could be happening with Bitcoin right now.
The US economy is slowing down, inflation is on the rise, and the national debt has reached a staggering $35 trillion. But that’s where Bitcoin comes in. As a hedge against economic uncertainty, Bitcoin is becoming increasingly attractive to investors, much like gold was back in the day.
We all know that Bitcoin follows a four-year cycle, similar to the patterns observed in gold during the Great Depression. And guess what? We’re right in the middle of that cycle, and it’s looking juicy!
The upcoming rate cuts from the Federal Reserve could be the catalyst for a massive Bitcoin surge. As the economy struggles, the Fed will try to keep things afloat, but that could actually end up powering a surge in Bitcoin prices instead.
The global economic landscape is changing, and it’s all working in Bitcoin’s favor. Countries like China are diversifying away from the US dollar, which could lead to a weakening of the greenback. And as the dollar loses its grip, more investors might turn to Bitcoin as a viable alternative.
Crypto enthusiasts, it’s time to get excited! We could be in for a wild ride. I know this seems like an impossible feat right now, especially given that we have been in a 6-month decline since February. This is about to change soon. September is historically the worst month for Bitcoin. 8 out of the last 11 years (since we started monitoring Bitcoin’s price) have produced negative ROI on BTC in September. This is followed by very positive October figures. In fact, 9 out of 11 years have recorded positive ROI in October (pic above).
This all means one thing: we have a few weeks left for Bitcoin to test support levels and provide us one more great buy opportunity in the lows of 50k. Then, the king of crypto is primed for a colossal bull run, and it’s all thanks to the economic uncertainty and the shifting global landscape.
So, keep calm and HODL!
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⚠️ DISCLAIMER ⚠️
The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this post reflects solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.
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