We've been dealing with Cryptocurrency for a long-time. We've been trading Bitcoin and using it as a means to exchange value for a long-time.
Bitcoin has already proven to be useful for society in more than one way.
The Bitcoin economy is here to stay and thriving, not without its challenges but with each passing day, with each passing year, it continues to grow and evolve.
We are bullish on Bitcoin since before the day that Bitcoin hit its bear market bottom low.
We are bullish on Bitcoin based on technical analysis but also based on an analysis of the global financial markets and our times, our generation, the old generations, the age of information, how life and humans work and behave.
One of the main arguments that still lingers out there in the minds of the Bitcoin bears it the "macro environment".
It is all very simple, let me share with you the bears point of view now.
Since everything in the world is going down, because the old financial system has so many intrinsic problems, then Bitcoin most go down with it.
That's their argument in a nut shell.
Since banks are going under, Bitcoin must go under. Since financial institutions are suffering, Bitcoin must suffer.
While it is easy to see where they come from, it is wise not to dismiss the other side of the coin.
Bitcoin is the solution to decaying and failing banks. Bitcoin is the solution to the financial abuse of power.
While major wars and socio-political instability can definitely lead to major problems all across the world, these events have always been happening and yet we continue to live and every time there is a problem a solution is also borne.
The world didn't get better after November 2022, in fact, inflation is getting worse.
The banks are not stronger after November 2022, in fact, many are crashing, it is getting worse.
The Fed isn't solving inflation and is back to printing money while at the same time raising interest rates, the whole system is imploding, it isn't getting any better, in fact, it is all getting worse...
And yet, Bitcoin has been growing since November 2022 and continues to become stronger and better, adoption continues to improve, companies are being fought now but nobody is fighting Bitcoin, Bitcoin is already doing its job.
A full blown meltdown of the current financial system doesn't necessarily mean the end of the world.
A full blown meltdown of the current financial system is not mandated by law or nature to be bearish for Bitcoin, it might be the other way around...
If the financial system and the banks continue to crash, Bitcoin is more likely than not to continue with its growth.
In fact, the banks can crash or not, Bitcoin is the future of money, get used to it... There is no going back to highly inflationary fiat currencies, the future demands sound, hard money.
The Bitcoin bottom is in, this was confirmed when Bitcoin broke out of its downtrend and started to produce higher highs instead of lower lows.
I love BTC, it has helped poor countries that are less employed to be self-employed, but I would never subscribe to a bank to fade out because cryptocurrencies would lodge their money in the bank. Where would cryptocurrencies lodge their money if banks fadeout?
AlanSantana
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@ubajohn20, Phones, tablets, usd drives, or new types of businesses, crypto-banks.
Banks will not fadeout, they will just evolve.
Banks are good and have their use, most of them became abusive and irresponsive because of their monopoly on money. As soon as the monopoly and protections are removed, they will become responsible again.
taoistman
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I would like very much to agree but compare the BTC chart to the Nasdax and you will see it follows it very closely untill that shifts I didn't think we see the uncoupling from the macro environment for example if the Nasdax lost 20% tomorrow you think BTC will go up? no of course not it will also collapse it is considered a risk on asset my most of the money out there I will be the first to celebrate if we see the decoupling great example COVID cras did BTC go up no it crashed with rest of market sorry Alan your a little to optimistic and dare I say a little naieve if you think BTC has decoupled !!!!
SwallowPremium
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Wow amazing job, thanks for sharing!!!
JoeChampion
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Good work Alan!
AlanSantana
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@Tradersweekly What's your take on the "Macro Economic Environment"?
bobbycrypto05
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What are your thoughts on the binance and cz issue?