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Abstract

<h2 id="a9b5">Economy</h2><p id="fd45">The US Federation will establish the new CBDC ‘FedNow,’ but it will not be able to save the current state of the US economy. These are the thoughts of US Presidential candidate Robert Kennedy Jr.</p><p id="b7b0">Robert Kennedy Jr. stated on Twitter that when the US economy’s bubble bursts, only Bitcoin will keep citizens safe.</p><p id="9e5d">If this happens, several crypto-related policies will be implemented, with a significant beneficial impact on the crypto market.</p><p id="ee7e"><b>At the moment, bitcoin is being purchased since it will be needed. If there is a problem with the USD, people will flock to secured assets such as gold and bitcoin.</b> ( As you still know Bitcoin is still risky, it is not safe as gold)</p><figure id="da6e"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/0*m1czHnL3QVyLhFKb"><figcaption>Photo by <a href="https://unsplash.com/@kipic?utm_source=medium&amp;utm_medium=referral">Dusan Kipic</a> on <a href="https://unsplash.com?utm_source=medium&amp;utm_medium=referral">Unsplash</a></figcaption></figure><h2 id="0fe3">Alt Season</h2><p id="b57e">Many are confused because Bitcoin and Ethereum are performing well, while altcoin is not.</p><p id="0b8e">People are currently focused on Bitcoin instead of altcoins. People’s lack of interest is preventing a bullish surge in altcoins. For most people, altcoins are merely a method to double their money, whereas Bitcoin is a long-term asset.</p><p id="68f7">You may have also noticed that when Bitcoin falls slightly, altcoins fall more. At the moment, I believe it is smarter to trade altcoins against Bitcoin.</p><p id="db05">Several of your old crypto traders must have told you that their main objective is to boost Bitcoin as much as possible. According to the economic situation, people are following this thing knowingly or unknowingly.</p><p id="7777">I’m trying to say that even if the alt season arrives later, it may come against Bitcoin. <b>Volumes in the ALT-BTC pair may increase as bitcoin holders push the bullish rally in altcoins</b>. Even if the price of bitcoin hits $100,000, wise investors will not sell it.</p><p id="a539">When ordinary people, traders, and whales all want to acquire Bitcoin, the price of BTC rises. Traders will have to quit shorting because it has become an extremely risky game. If you don’t believe in this bull market, stay out of it but don’t go short.</p><h2 id="572f">Volatile</h2><p id="3981">On this day, CPI data will be released, and Ethereum’s Shanghai upgrade will be completed. The FOMC minutes will be released tomorrow, revealing what decisions were made at the meeting. Data on PPI inflation will also be made public tomorrow. These 2 days can remain a little volatile, so be careful.</p><p id="2cb3" type="7">Clap — Share — Comment — Happily ☺</p><h2 id="15b5">Disclaimer</h2><p id="2c09">This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.</p><h2 id="c5ea">Thank You for Reading…</h2><div id="0436" class="link-block"> <a href="https://medium.com/@jessicadoosan02/membership"> <div> <div> <h2>Join Medium with my referral link - Jessica Doosan</h2> <div><h3>Read every story from Jessica Doosan (and thousands of other writers on Medium). Your membership fee directly supports…</h3></div> <div><p>medium.com</p></div> </div> <div> <div style="background-image: url(https://miro.readmedium.com/v2/resize:fit:320/0*iSUL6Zh5QkGZc1og)"></div> </div> </div> </a> </div><h2 id="35cf">↑ ↓ Brain Boosting …</h2><div id="c446" class="link-block">

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Never Short

Why is the Current Bitcoin Bull Run So Different? — Fly High

When does ALT Season Start? | Don't Short | Golden Time

Created In Canva

Bitcoin has given a beautiful gift to everyone. The fact that Bitcoin is trading at about $30,000 is a source of happiness for those of us who think this gift.

At the moment, almost all Bitcoin investors have made a profit. Those who were conducting dollar cost averaging with Bitcoin must have seen the benefit today.

Whales

Michael Saylor has invested over $3 billion in Bitcoin, totaling over 1.5 million bitcoin. His Bitcoin is currently worth roughly $29000 on average. Now, the MicroStrategy company will profit more as Bitcoin increases.

Would a MicroStrategy Sell Bitcoin Today, as well as Retailers and Whales? The answer is no since everyone has waited a long time for Bitcoin to rise, so they’ll profit based on how long they have waited.

Bitcoin is currently in a bullish position, and it is not a bull trap.

Photo by Jordan Ladikos on Unsplash

The Current Bull Rally in Bitcoin is Different from Any other Bull Rally in History…

There are many reasons behind this.

Different

Formerly, people would purchase bitcoins in order to double or threefold the value of their dollars. Everyone’s main goal was to turn $1000 into $2000 via trading or investing in cryptocurrency. Used to acquire crypto for a brief period of time and then convert them to dollars after making a profit.

For the last 2–3 months, the condition of the economy of many countries has deteriorated and after the banking collapse, people’s trust in the US dollar has decreased. To replace the USD, the BRISC organization has proposed the development of an alternative currency.

De Dedollarisation is becoming more and more popular. People’s faith in the dollar is gradually weakening, therefore they are accumulating gold and bitcoin. This situation is becoming more common in America.

If something occurs to the USD, it will mostly affect American citizens, thus they want to keep their money secure. People in the United States, Europe, and Russia buy the most bitcoins.

Russia

Several countries are buying gold for their central banks in order to come out of the Dollar trap. The price of gold is also rising because of such situations across the globe.

Russians prefer to save their money in Bitcoin and cryptocurrency rather than gold and mutual funds.

Economy

The US Federation will establish the new CBDC ‘FedNow,’ but it will not be able to save the current state of the US economy. These are the thoughts of US Presidential candidate Robert Kennedy Jr.

Robert Kennedy Jr. stated on Twitter that when the US economy’s bubble bursts, only Bitcoin will keep citizens safe.

If this happens, several crypto-related policies will be implemented, with a significant beneficial impact on the crypto market.

At the moment, bitcoin is being purchased since it will be needed. If there is a problem with the USD, people will flock to secured assets such as gold and bitcoin. ( As you still know Bitcoin is still risky, it is not safe as gold)

Photo by Dusan Kipic on Unsplash

Alt Season

Many are confused because Bitcoin and Ethereum are performing well, while altcoin is not.

People are currently focused on Bitcoin instead of altcoins. People’s lack of interest is preventing a bullish surge in altcoins. For most people, altcoins are merely a method to double their money, whereas Bitcoin is a long-term asset.

You may have also noticed that when Bitcoin falls slightly, altcoins fall more. At the moment, I believe it is smarter to trade altcoins against Bitcoin.

Several of your old crypto traders must have told you that their main objective is to boost Bitcoin as much as possible. According to the economic situation, people are following this thing knowingly or unknowingly.

I’m trying to say that even if the alt season arrives later, it may come against Bitcoin. Volumes in the ALT-BTC pair may increase as bitcoin holders push the bullish rally in altcoins. Even if the price of bitcoin hits $100,000, wise investors will not sell it.

When ordinary people, traders, and whales all want to acquire Bitcoin, the price of BTC rises. Traders will have to quit shorting because it has become an extremely risky game. If you don’t believe in this bull market, stay out of it but don’t go short.

Volatile

On this day, CPI data will be released, and Ethereum’s Shanghai upgrade will be completed. The FOMC minutes will be released tomorrow, revealing what decisions were made at the meeting. Data on PPI inflation will also be made public tomorrow. These 2 days can remain a little volatile, so be careful.

Clap — Share — Comment — Happily ☺

Disclaimer

This is not Financial Advice. This article is meant only for educational purposes. I am just sharing my thoughts and analysis based on my many years of experience.

Thank You for Reading…

↑ ↓ Brain Boosting …

Bitcoin
Crypto
Finance
Investing
Education
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