The Senate rejected the crypto bill, causing Bitcoin to briefly drop below 75,000!!
The strategist thinks not getting it passed is a good thing!
First: in the short term it’s bearish, but in the long run there are still expectations—when a “good news” becomes reality, it turns into bearishness!
The later this bill is pushed forward, the more room there will be for us investors!
Bitcoin being recruited/approved too quickly may not necessarily be a good thing either—where there’s controversy, there are opportunities!
Second: Bitcoin has been around for so many years. Even without this bill, it can still run just fine—do we really need the U.S. government’s crypto approval in order to go forward?
On the contrary, the period when various countries cracked down the hardest was actually when opportunities were most abundant!
It’s not necessarily a good thing that the bottoming phase is going too smoothly— the more negative news there is, the more upside flexibility there is!
Now the focus is the Federal Reserve interest rate decision early Thursday morning. No matter whether it’s good or bad, this is the last chance to board the train—market activity is set to kick off by the end of the month!
The strategist thinks not getting it passed is a good thing!
First: in the short term it’s bearish, but in the long run there are still expectations—when a “good news” becomes reality, it turns into bearishness!
The later this bill is pushed forward, the more room there will be for us investors!
Bitcoin being recruited/approved too quickly may not necessarily be a good thing either—where there’s controversy, there are opportunities!
Second: Bitcoin has been around for so many years. Even without this bill, it can still run just fine—do we really need the U.S. government’s crypto approval in order to go forward?
On the contrary, the period when various countries cracked down the hardest was actually when opportunities were most abundant!
It’s not necessarily a good thing that the bottoming phase is going too smoothly— the more negative news there is, the more upside flexibility there is!
Now the focus is the Federal Reserve interest rate decision early Thursday morning. No matter whether it’s good or bad, this is the last chance to board the train—market activity is set to kick off by the end of the month!
