What to do now?
So, what's going on and what to expect? MtGox began its payments, and this, combined with the sale by the German government, led to a strong correction in Bitcoin and, as a result, the entire crypto market (as always, altcoins suffered the most).
This is not the first time such corrections have occurred in the crypto market👇
☝️ In 2020 from February to March - a correction of 60%, a subsequent increase of 1990% within 12 months.
☝️ In 2021 from May to July - correction by 51%, subsequent growth by 136% within 6 months.
☝️ In 2023 from April to May - altcoins correction by 24%, subsequent growth by 156% within 8 months.
👉 Now we have fallen by only 26%, which is not very pleasant and very nervous, but is not abnormal for the market growth cycle. The main thing is not to make hasty, rash decisions and remember that the market moves this way and this is normal.
The fundamental reason why we buy crypto and altcoins in general has not changed - and this is the most important thing for us. Our investment thesis is still relevant👇
📌 BTC ETF is the most successful ETF in history.
📌 ETH ETF launch soon.
📌 Regulatory turn in the largest jurisdictions.
📌 Interest rates are at a record high, with the EU and Canada already cutting.
📌 Volume of stablecoins at ATH.
📌 Circle's stablecoins are MiCA compliant, increasing their integration in finance and commerce.
📌 Stripe integrates stablecoins.
📌 Blackrock is promoting asset tokenization.
📌 Polymarket is gaining popularity beyond crypto-native users.
📌 Blockchains are finally starting to scale (Ton with integration into Telegram, Solana with Blinks and Links technology).
Finally, when Germany, the US government and Mt. Gox will finish their business, this will relieve the last pressure👌
Total: in the short term the situation will be unstable, in the long term - bullish. So no need to worry 😎
#etf #btf #BinanceTournament" #BinanceTurns7 #AltSeasonComing
💸 Dropworld1
