As mentioned yesterday, the #Bitcoin #Halving Event is coming April 2024. However, a large economic crash is also coming.
What do I think is the most likely path forward? The path that makes the most number of market participants wrong.
These scenarios would make the maximum number of #Bitcoin market participants WRONG:
🔸1. Bitcoin peaks EARLY, some time within the next ~8 months (either making new ATHs or not), or
🔸2. (CONDITIONAL: IF, and only if, a Bitcoin ETF gets approved) Bitcoin could see a secondary pump in first half of 2024, timed with any ETF hype. This peak would be larger than in #1 above.
- Both of these scenarios (and their associated peaks) would occur before the typical bull run timing (which has historically occurred quite a bit after the halving).
- Both of these scenarios would be followed by a large crash, leaving us without the standard bull run after halving event.
- Both of these scenarios would make the maximum number of market participants wrong about the now-mainstream idea of “bitcoin always does a bull run after the halving”:
Summary:
Everyone is expecting a bull run AFTER the halving event. This has become mainstream knowledge after 3+ cycles. The market loves to make the herd wrong. What better way than to peak before anyone expects it?
Background logic:
My 7 minute video here explains why I strongly believe a general economic crash is coming:
https://twitter.com/ColinTCrypto/status/1685280603900366848/video/1
- ColinTCrypto
