THE ADOPTION TREND OF BITCOIN

The adoption trend of Bitcoin is doing very well and also we are at deviation oversold, the oversold we have ever been versus the trend. We are at the point of global liquidity turning and we have got half, of it all coming into place exactly at the same time. The last time we got cyclical down to a logarithmic trend was in 2018 December. We saw the peak during that time, the final peak lower of Bitcoin which a think we saw in October from the FTX, and think we saw the peak lower of ETH in June. What happens we, that is when volatility came to the lower and the market started picking up?

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As soon as the FED pivoted was a complete change in the market. The year 2018 had seen the kind of fall we have seen but 20% to 30% falls. It was sharp and everyone was terrified. Bitcoin in 9 months did about 300% to 400% and ETH also. The was a massive gain that come out of that environment. What is interesting about the adoption trend of ETH is that the volumes have remained high, and the numbers of active users have remained high. The total value transacted has come down as the price of NFTs has come down but other measures look huge.

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In 2018, we saw a much larger fall in daily active users because it was early in the network adoption fame. This time around, we get built on top of what we built from the last cycle, which makes me very constructive overall. Every time we get to this situation, we get new highs in about months. Even if you buy Bitcoin at a $69,000 high, you will see it go through in three years. No one knows how it will work, the probability of this is because of the network adoption that we are seeing. I'm expecting next year to be a going year for crypto and I'm also excited about where we are going to go. The network will go from 300 million users to billions of users. Many people might come up with many different excuses for convenience you to lose hope in crypto, you have to ignore all of that and focus on the bigger picture.