#WTICrudeFallsBelow90Dollars Let me give you 10 reasons why the biggest Bitcoin bull run is still heating up and why the bottom is likely in...


> 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.
BTC0.26%
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