The US is selling crypto, while Thailand is opening its doors. Which side are you on?
Today, two sharply contrasting pieces of news:
Bad news: The US government sold $770 million worth of Bitcoin, ETFs saw $700 million in outflows for two days in a row, and the Fed says it may still raise rates.
Good news: Thailand approved BTC/ETH ETFs, effective October 16, becoming the first country in Southeast Asia to take the plunge.
The market panicked over the bad news and turned a blind eye to the good news.
This is a classic feature of the late stages of a bear market—bad news gets amplified, while good news gets ignored.
Let me compare the two. The US selling crypto is the liquidation of seized assets—a one-off event. Once it’s sold, it’s gone.
Thailand launching ETFs is institution-building, permanently opening a new channel for capital.
One is subtraction; the other is addition. Which will have a more far-reaching impact on the market? The answer is obvious.
Regulatory openings are often a precursor to a bull market.
The volume from Thailand’s ETFs won’t ignite the market right away, but it’s a drop of water falling into a pot that’s already heating up.
While the US is selling crypto and Thailand is opening its doors, what are the smart money players doing? They’re positioning themselves early in areas with real narratives and the ability to keep generating buzz.
For example, the Havanese dog Elon Musk has been raising for over a decade—1101🐕🦺
Other people’s dogs (Doge, Shib) have already taken off because of something he said. Could his own dog really be any less impressive?
When global capital flows back into the crypto market through ETFs, the value of real narratives will be repriced.
$ETH $ZEC $BTC
#比特币反弹至8.3万美元
Today, two sharply contrasting pieces of news:
Bad news: The US government sold $770 million worth of Bitcoin, ETFs saw $700 million in outflows for two days in a row, and the Fed says it may still raise rates.
Good news: Thailand approved BTC/ETH ETFs, effective October 16, becoming the first country in Southeast Asia to take the plunge.
The market panicked over the bad news and turned a blind eye to the good news.
This is a classic feature of the late stages of a bear market—bad news gets amplified, while good news gets ignored.
Let me compare the two. The US selling crypto is the liquidation of seized assets—a one-off event. Once it’s sold, it’s gone.
Thailand launching ETFs is institution-building, permanently opening a new channel for capital.
One is subtraction; the other is addition. Which will have a more far-reaching impact on the market? The answer is obvious.
Regulatory openings are often a precursor to a bull market.
The volume from Thailand’s ETFs won’t ignite the market right away, but it’s a drop of water falling into a pot that’s already heating up.
While the US is selling crypto and Thailand is opening its doors, what are the smart money players doing? They’re positioning themselves early in areas with real narratives and the ability to keep generating buzz.
For example, the Havanese dog Elon Musk has been raising for over a decade—1101🐕🦺
Other people’s dogs (Doge, Shib) have already taken off because of something he said. Could his own dog really be any less impressive?
When global capital flows back into the crypto market through ETFs, the value of real narratives will be repriced.
$ETH $ZEC $BTC
#比特币反弹至8.3万美元