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WHAT IF THE REAL BITCOIN CYCLE HASN’T EVEN STARTED YET…
Throughout this cycle, the U.S. business cycle, measured by PMI has remained deeply depressed and stuck in contraction territory.
In prior 4-year cycles, a strong rebound in the business cycle was one of the key forces that pushed markets into FOMO and Euphoria.
This time, that expansion has not appeared at all.
If the business cycle turns higher, the real upside may still be ahead.