A month ago, I called this out and got a lot of flack for it! BTC has dropped below 80k and guess what, it will hit 70k soon. No one will be buying up on a losing asset even if "experts" say it will go to 200k. Maybe yes, maybe no, but one thing is for sure that you will have a massive drawdown and it could take years to recover. The strategic Crypto fund will take years to operationalize, but financial and consulting institutions which have been laying people off for years. Could be bullish, but not today esp. with the liquidity squeeze and high interest rates.
Best of luck and always do your own due diligence!
Best of luck and always do your own due diligence!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.