Did You Buy The Dip?

Crypto market is almost back to the 2 Trillion market cap valuation. I think it is just a matter of time before we rocket ship up to 3 million. One of the most bullish things I read was Jerome Powell not wanting to outlaw or ban crypto. It has been a fear on most people's minds for a while but yesterday in his testimony to congress, he said he has no intention to.

I've written about the FUD from elsewhere but this is important news because what matters are the biggest economies in the world and what they do. That's where the money is after all.

So as we start to see more adoption in developing countries and the developed countries don't outlaw crypto, we'll see a massive move upwards and I think we will see 60+ k in the coming months before hitting 100k by the end of the year. That's the hope at least and it isn't meant to be financial advice.

Could easily go to 20k instead if Gensler comes up with some ridiculous regulations. The KYC process is becoming pretty onerous for a lot of CEXs and it is only going to get worse with licenses etc. for local jurisidictions.