I think the money is coming in in preparation for a good old post-election pump. I'm hoping next week will be epic. It's hard to predict what the disaster(s) will be during the next run. I'm hoping to steer clear of them. Bitgrail was bad enough for me.
Post election pump hmm, who knows i mean stock traders who trade crypto and could very well be market makers are used to trading this kind of political narrative. I mean to me to it means nothing but maybe this stock trader mentality will/already has spill/ed over into the world of crypto.
It'll definitely be interesting to see what happens. Hoping this isn't a protracted bear market. I've heard some say we won't see any massive gains until 2024.
i kinda agree only the timing right now is exiting to me, but i mean bitcoin can creep back to 40k slowly and nobody will really blink an eye in the grand scheme of things which is what i think will happen. At that point 60k will seem like a certainty again and it will fly. Same old story only but i feel like bitcoin has made a major bottom right now kinda never to see sub 20k again. Id be willing to put a good wager on that one even though for a while with the recession and state of world i thought one goof black swan and it be goblin town. I think we may have bottomed :D
It will be very interesting to watch. This market cycle has been different from previous ones in ways that make the future difficult to predict exactly. I think Elon has something much, much larger in mind with his purchase of Twitter. I think he's going to eventually integrate Doge or Bitcoin (Lightning), this along with institutional investors entering once regs are clarified in the US will likely drive the market higher than anyone has anticipated.