-USA stops supporting Ukraine war efforts and Ukraine is forced to cede large portions of land to Russia, creating a DMZ along vast stretches of the new border. -Expanded land use restrictions and federal tariffs against solar and wind, resulting from pressure from fossil fuel lobbyists and the new head of the department of energy. -Another CEO is shot. -Crypto has a major correction; bitcoin finishes the year well u…
> -Crypto has a major correction; bitcoin finishes the year well under $100k. Eh, I was expecting the opposite, with people flocking it to bitcoin (or some other crypto) as a backup strategy in case of political/ecological instability. What makes you think that there will be a major correction?
Reposting:
This is easy. Bitcoin reaches it's high between Jun and Oct. This is based on historical 4 year trends.
Then falls. Falls around 70%. Again, this is based on historical trends.
And yes, while past performance is not indicative of future performance, the bitcoin cycle has been following this, and when everyone expects this, it ends up happening by the virtue of everyone's expectation.