Best to buy crypto after the next stimulus checks
It's no coincidence that crypto bottomed when stimulus checks got cut; and US personal savings(USPS) sky rocketed to many multiples over the previous ATH. You see where the money went and disappeared. It took crypto prices with it and it's not likely to rally much without some serious cash influx via stimulus and/or rate cuts. So best case it ranges in the meantime, long period of consolidation. It could go quite a bit lower too, with regulations and taxes coming soon.
This part is pure speculation, but I see Wall Street and the governments want to control it. So they will beat it to a pulp first, then scoop what's left and make their own regulated coins. The DTCC is already testing out blockchain ledgers and the Treasury and Fed want in on it too. Perhaps a gold-backed CBDC like Russia and China want, to sure up their currency strength. All legal crypto will need to be centralized through the government blockchain, along with all credit card transactions, bank deposits, ACH transactions and wire transfers. All transactions will be funneled to the government blockchain, so taxes will be taken instantly. They need this desperately because tax receipts currently have no hope of catching up to spending, and we're already tapped out on debt limit. Eventually all off-chain transactions will become illegal above a certain threshold.
This part is pure speculation, but I see Wall Street and the governments want to control it. So they will beat it to a pulp first, then scoop what's left and make their own regulated coins. The DTCC is already testing out blockchain ledgers and the Treasury and Fed want in on it too. Perhaps a gold-backed CBDC like Russia and China want, to sure up their currency strength. All legal crypto will need to be centralized through the government blockchain, along with all credit card transactions, bank deposits, ACH transactions and wire transfers. All transactions will be funneled to the government blockchain, so taxes will be taken instantly. They need this desperately because tax receipts currently have no hope of catching up to spending, and we're already tapped out on debt limit. Eventually all off-chain transactions will become illegal above a certain threshold.