Share my firm view that this is a bull market
Many people think that with rate hikes, high oil prices, and elevated yields on US Treasuries, this must be a bear market. They are convinced that this upswing is a bull trap and that there will be new lows
This is not a problem, but every bull-bear transition at the beginning is filled with doubt. The bigger the disagreement in the market, the more I am convinced. I don’t believe a bull market will start once things are stable on the sidelines, with all data brought under control, and then, after the FOMC meeting, when a single line from Waller—“rate cut by 321”—kicks off the bull market
Do the institutions not know that in September there is likely to be a rate hike, and that in the following months there is also a significant chance of one? Do institutions not look at US10Y/US30Y or oil prices? Why is BTC still moving in such a way?
Let time provide the answer. Maybe, after Bitcoin sets new highs again in the coming year, the market’s voices will gradually lean toward the bull market and wholeheartedly believe in it. Unfortunately, by then the bull market will already be near its end.
Many people think that with rate hikes, high oil prices, and elevated yields on US Treasuries, this must be a bear market. They are convinced that this upswing is a bull trap and that there will be new lows
This is not a problem, but every bull-bear transition at the beginning is filled with doubt. The bigger the disagreement in the market, the more I am convinced. I don’t believe a bull market will start once things are stable on the sidelines, with all data brought under control, and then, after the FOMC meeting, when a single line from Waller—“rate cut by 321”—kicks off the bull market
Do the institutions not know that in September there is likely to be a rate hike, and that in the following months there is also a significant chance of one? Do institutions not look at US10Y/US30Y or oil prices? Why is BTC still moving in such a way?
Let time provide the answer. Maybe, after Bitcoin sets new highs again in the coming year, the market’s voices will gradually lean toward the bull market and wholeheartedly believe in it. Unfortunately, by then the bull market will already be near its end.
