The final dead cat bounce. Bitcoin to zero by 9/1/22
“In the case of bitcoin or any other essentially cryptocoin asset, the basis for the fundamental value and the basis for the capital gain is not there, it’s vaporware; it’s not backed by anything. They’re not currencies, they’re not even assets, they’re highly volatile, they’re speculative and they’re subject to manipulation of one sort or another.” - Roubini Nouriel, NYU Stern School of Economics Professor and Economist
Bitcoin bulls are falling for the oldest trick in the book. A dead cat bounce is NOT a restart of the bull market. In fact, in relations to the warning from financial intellects like Michael Burry and Roubini Nouriel, the real bear market and the REAL market crash has not even begun yet, and all crypto assets deserve to be at only one price: zero.
I anticipate that come this wednesday, after the release of new CPI data, Bitcoin and all crypto assets will crash, and by the first week of September, will be worth $0. If you still hold crypto, sell all of it now for USD, which is now the world's STRONGEST currency and actually backed by something vs nothing.
Bitcoin bulls are falling for the oldest trick in the book. A dead cat bounce is NOT a restart of the bull market. In fact, in relations to the warning from financial intellects like Michael Burry and Roubini Nouriel, the real bear market and the REAL market crash has not even begun yet, and all crypto assets deserve to be at only one price: zero.
I anticipate that come this wednesday, after the release of new CPI data, Bitcoin and all crypto assets will crash, and by the first week of September, will be worth $0. If you still hold crypto, sell all of it now for USD, which is now the world's STRONGEST currency and actually backed by something vs nothing.