What is happening here? Still do not believe what we are seeing? Has this Bear Market left us so punished?
Well, that's what it seems to me. We have gone from $20,000 to $28,000 in just 9 days and I still don't see the euphoria that should correspond to it.
40% UP!
BITCOIN is fulfilling its mission, it is becoming a REFUGE and store of value and it is acting as what it is, the DIGITAL GOLD. Let me tell you that GOLD is also rising a lot but only 10% up in 9 days and close to its ATH.
In addition, we are witnessing the decoupling of BITCOIN against the SP500 or the DOW JONES and traditional markets, something that many criticized in the past because it did not do it but it seems that it is already starting to act like what everyone expected it to do, a "hedge against inflation".
In my opinion, this "hedge against inflation" could have become evident much earlier if the start of the Crypto Bear Market had not coincided with the global economic crisis that we have been suffering since the pandemic.
Now that it looks like the bottom of the Crypto Bear market has already been reached a few weeks ago and there are no forecasters left clamoring for an even deeper bottom, what lies ahead is a historically spectacular bull cycle for BITCOIN, I think.
It will be the cycle of consolidation in my opinion. My vision for the next few years is that BITCOIN will have amply demonstrated its resilience and its commitment, it will be then when the great mass of the population will begin to integrate it into their wallets, the haters will become lovers and everything will normalize...
Will see, for sure.
Have a very good week!
