Hear me out.
This is something I already partially covered in my BTC top macro thesis but I think should be a great reminder to help you stay level-grounded.
Spend some time to read it.
The ETF is now the predominant narrative which is causing TradFi demand and slowly attracting interest across the globe.
An epochal event that will have serious backlash when BTC breaks its past ATH: the loudness generated will be insane.
Millions of people will be overwhelmed by the idea that TradFi will continue to nourish the Bullrun given the low supply of the asset and the potential unlimited money that will continue to inflow.
It's easy to forecast the future echo chamber that will be created in such conditions:
โ๐๐'๐ ๐ถ๐บ๐ฝ๐ผ๐๐๐ถ๐ฏ๐น๐ฒ ๐ณ๐ผ๐ฟ ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป ๐๐ผ ๐ฐ๐ผ๐น๐น๐ฎ๐ฝ๐๐ฒ ๐ด๐ถ๐๐ฒ๐ป ๐๐ต๐ฒ ๐ถ๐ป๐๐๐ถ๐๐๐๐ถ๐ผ๐ป๐ฎ๐น ๐ฑ๐ฒ๐บ๐ฎ๐ป๐ฑโ
โ๐ง๐ต๐ฒ๐โ๐ฟ๐ฒ ๐๐ฎ๐๐ถ๐ป๐ด ๐ถ๐ป ๐๐ถ๐๐ฐ๐ผ๐ถ๐ปโ
Recognize the classic pattern?
Yes, the โthis time is different oneโ.
This will be one of the biggest traps.
Institutions and hedge funds, in fact, operate with a completely different size of retail investors.
Retail investors put the money they save from regular jobs, hoping for moonshots.
They NEED 50/100x minimum to consider an โinvestmentโ successful (and even at that moment they will not sell).
TradFi money put gazillions into an asset, and when theyโre up a 2/5x they look to secure those profits.
The โmoonโ isn't necessary, they play in a different league so don't expect they will pump Bitcoin to 250K+, it's highly unlikely If not impossible this cycle.
Donโt search for particular โfundamental connotationsโ to justify the price increase, most will be end up like a byproduct of your imagination.
Stick to the charts independently and don't get sucked into magnificent prophecies.
Remember: ๐ฉ๐๐๐ง๐ ๐ฌ๐๐ก๐ก ๐๐ ๐๐ก๐ฌ๐๐ฎ๐จ ๐ ๐ฃ๐๐ง๐ง๐๐ฉ๐๐ซ๐ ๐ฉ๐๐๐ฉ ๐ฌ๐๐ก๐ก ๐๐ค๐ง๐๐ ๐ฎ๐ค๐ช ๐ฉ๐ค ๐ง๐๐ข๐๐๐ฃ ๐๐ ๐ฉ๐๐ ๐ข๐๐ง๐ ๐๐ฉ, ๐ฉ๐๐๐ฉ'๐จ ๐๐ค๐ฌ ๐ฌ๐๐๐ก๐๐จ ๐๐ฃ๐ ๐ข๐๐จ๐จ ๐ข๐๐๐๐ ๐ค๐ฅ๐๐ง๐๐ฉ๐ ๐๐ฃ ๐ช๐ฃ๐๐จ๐ค๐ฃ.
What truly matters is that youโre able to profit from this โblessingโ.
And this โblessingโ has still a lot of room in its reservoir, with the most important and juicy phase that has to start yet.
I wouldn't put my money where my mouth is, otherwise.
This is simply a message to โforce youโ to stay with your feet well anchored to the ground and to use a โmental shieldโ to protect yourself against greed and euphoria.
Weโre here to change our lives and not to become sacrificial victims.