For today, that is, Friday’s options, the Prince sees it like this: we’re already in the phase of an upward chain reaction! So I believe that any bad news or good news now won’t be able to affect him—just like before when Bitcoin had no trouble with all the good news but still couldn’t push higher.
The Prince’s idea of a chain reaction is this: institutions buy first, BTC rises, institutions’ net asset value increases, miners’ balance sheets improve, selling pressure drops, and the industry’s financing environment gets better.
ETH and large-cap altcoins start catching up, while small-cap altcoins begin to surge, the “making money” effect appears, and retail investors move in.
Leverage increases, liquidity continues to expand, and the price rises again.
Most importantly, the upward move itself creates the conditions for the next round of gains.
BTC rises—institutions profit; the coins miners hold become more valuable, so they don’t feel rushed to sell. Project teams can raise funds more easily; exchanges, market makers, and mining companies see improved revenue, and overall risk appetite increases.
As prices rise, the profit effect attracts new capital, and the price keeps going up—an even stronger profit effect brings in more capital.
At the very beginning, only a small number of people believe it. After the price rises, it eventually forces more and more people to change their stance.
The Prince’s idea of a chain reaction is this: institutions buy first, BTC rises, institutions’ net asset value increases, miners’ balance sheets improve, selling pressure drops, and the industry’s financing environment gets better.
ETH and large-cap altcoins start catching up, while small-cap altcoins begin to surge, the “making money” effect appears, and retail investors move in.
Leverage increases, liquidity continues to expand, and the price rises again.
Most importantly, the upward move itself creates the conditions for the next round of gains.
BTC rises—institutions profit; the coins miners hold become more valuable, so they don’t feel rushed to sell. Project teams can raise funds more easily; exchanges, market makers, and mining companies see improved revenue, and overall risk appetite increases.
As prices rise, the profit effect attracts new capital, and the price keeps going up—an even stronger profit effect brings in more capital.
At the very beginning, only a small number of people believe it. After the price rises, it eventually forces more and more people to change their stance.
