> We never had a blow off top this cycle — why would you expect an -80% drawdown — the draw down was about -53% from the all time high. This is less than every other cycle drawdown and shows dampening upside and downside volatility.
> The “glitch” on 10/10 that happened and caused the $19 billion dollar crypto liquidation cascade was the largest in history, but there still aren’t a lot of answers — a rare unexplainable event but yet almost seismic in nature leading to at least a 6 month drawdown in all crypto prices.
> The Iran war is obviously slowing down and the Trump administration clearly wants to find a pathway to an agreement where nuclear is off the table before midterms in November. Time is of the essence.
> We have an entirely new Fed Chair Kevin Warsh who is incredibly pro innovation and crypto (with a history of personal investments in crypto) — he is on record recently saying positive things about both Bitcoin and crypto.
> We have PMI > 50 and rising out of a prolonged slower business cycle — this indicates economic expansion (the S&P is at 55.3 — the highest in years).
> We have Crypto Clarity Act legislation which is the holy grail for bank adoption of crypto and the next wave of institutionalization of the crypto and stablecoin industry — Currently Jamie Dimon is crying over it and this is a good sign for us.
> We are witnessing the massive success of Michael Saylor’s company, Strategy, who has almost nearly achieved 1 million bitcoin on their balance sheet while creating multiple new innovative products that will allow millions of people to earn an annual yield 3x larger than a money market account on their dollars, entirely powered by Bitcoin — one product has become the most successful of its kind in the world in 9 months.
> At least two other companies are following in Strategy’s footsteps and front running global accumulation by offering preferred products that pay a variable income (ie Strive, Metaplanet)
> We have planned announcements surrounding the Bitcoin Strategic Reserve coming in the near future — with significant updates noted by the President’s own executives
> Finally, we have the most ridiculously bullish President and cabinet as well as the proper financial plumbing for a face melting run up — everybody’s charts are saying Bitcoin is undervalued — Power law says we are -50% lower than we should be ~ $150,000 is fair value and at the same time the S&P, Nasdaq and Dow are all at all time highs.
This is not the time to be bearish. This is hands down the most exciting time for Bitcoin at the institutional level — we are witnessing the birth of a new financial system in real time — if you sell here you will regret it forever.
***Not financial advice***

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