When Will the Bullmarket Begin?

There seems to be a floor on Bitcoin around 80k. If it doesn’t hold, the price could move towards 70k, but the 80k could be an agreement between institutional investors.

Currently there is risk-off in markets. Once interest rates lowered it will be risk-on again. At this point the bull market in cryptos will begin. These are the normal market dynamics and cryptos are a risk asset at this point in time. Cryptos could move ahead of the market in anticipation, but only once rate reductions start being discussed.

“The U.S. may be on the verge of a digital currency revolution.”

JM Bullion

One Final Shakeout?

MIchael Saylor is the CEO of MicroStrategy, a company that is heavily invested in Bitcoin. Owning shares of MicroStrategy is one way of participating in the crypto market without buying ETFs or Bitcoin itself.

This is a presentation given by Michael Saylor on money and economic development, as well as the role of Bitcoin and blockchain technology, from a historic perspective.

“Bitcoin adoptioin is inevitable” -Michael Saylor

The video title says the gold rush starts NOW, but there could be a final shakeout coming.

The ECB dropped rates by 0.25% this week and the Fed will lower rates this comng week. Depending on whether the rate decision is 0.25% or 0.50%, markets may provide a strong reaction.

How low? BTC could even go to the 45k level. We will see.

In Historic Shift, British Newspapers Begin Warning Of “Perils” Of Cashless-Society After Global IT Outage

The mainstream media has, until now, played a key role in advancing the Global War on Cash – a war that began with no official declaration but in which propaganda, as with all wars, is a vital weapon…

Read more here.

Regulatory Clarity for 70-80% of the Cryptocurrency Market

An Illinois court ruling provides the following:

  • CFTC Chairman Behnam confirms Bitcoin and Ethereum as digital commodities under the Commodity Exchange Act.
  • An Illinois court decision provides regulatory clarity and sets a precedent for other cryptocurrencies.
  • Behnam states 70-80% of the cryptocurrency market are non-securities, impacting regulatory oversight.

Read more…