Seen it before
Maybe I should start off with a little encouraging story my Mom told me when I was a teenager. He happens to be a story between a man and the tides. The included people in the scene where his passenger and his accompanied son who was just a boy. So on that faithful when he was about to cross his passengers over to the other end, the storms rose. It was very fierce that every passengers face inside the boat turn pale. The fear of death had taken them all and most I assumed would have been on crossed fingers, Hahaha.
Funny to say but not to experience anyway. Surprising the little son of the man happened to be the one not bothered by the storm. Was he too young to observe death was actually knocking? Of course not, he knew about that yet he was calm and smiling all the way. I can assume him again enjoying his snacks in the entire process. The man finally sailed to the other end successfully and it was a huge relief to the passengers.
One of them was observing the boy during the entire scenario and walked down to him to ask him a question; 'why were you not bothered by the strange tide?'. The boy smiled and replied, 'I have seen this before, my Dad and I have sailed through many tides and we always make it to the shore'. Wow! A young boy with many experiences.
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The clear words to note here is, 'I have seen this before'. Let's head down to the financial markets most especially that of cryptocurrency. All that markets seems to have faced the effects of a global hit. Mr Trump and his trade wars with China especially is dulling market expectations. Those tariff expectations for sure has done lots of damages. Dollars have swindled and talking of crypto, I can say, 'Mayday! mayday!! Mayday!!! We have been hit, I repeat, we have been hit'.
I am not sure many would have believed bitcoin especially will drop so drastically to below 80K mark after soaring above 100K and adding to that Mr Trump is here, the US President that has sided with bitcoin, cryptocurrency and blockchain tech to drive his government and economy. As of 09/04/2025 we saw Bitcoin trading close to 75K according to coinmarketcap. We saw Bitcoin picking up a rollercoaster ride from the 60K margin from the period of September 2024 to reaching new heights above 106K in December and we saw resilience till January. So why the sudden decline, can this still keep bitcoin faithfuls logged in?
Before getting there, the announcement is that bitcoin is currently trading at around $93,000 as of time of writing this article. Fiats (dollars especially) is still struggling according to reports. The news I got recently is that bitcoin HODLers were entire unshaken throughout the downtrends. How can this be? The answer too remains yet another question, 'is this the first time Bitcoin investors have seen bear seasons?. What did the young boy tell the passenger? Bitcoin is becoming more of a virtual gold, many are gaining more trust and confidence on this assets.
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Bitcoin's comeback from below 17K some years ago will remain unforgettable. This us the more reasons big players are here with no plans of letting go of the bags no matter the pressure. They've all learned from MicroStrategy. As it stands, close to 80% of bitcoin has not moved for the past six months. No one is willing to buy the drizzling, we all know big companies are planning to get a huge chunk of these assets ahead of the future. Scarcity and halving is enough to add credibility, so just four years is enough to make the most only if you can hold on.
To conclude, let me add, it is through market scenarios like this that one can predict what the future holds for bitcoin and cryptocurrency market in general. Many are becoming aware of the underlying advantages of crypto over fiats. Confidence is growing for a new breed of currency. Many believe it will be the stablecoins leading the charge soonest. Not much to argue about that anyway but I also feel, if directly still tied to fiat, the old ways vulnerability will be inevitable. The economy is presented facing a debate of what should face out for a new dimension economy to emerge. Nevertheless, we should understand we are dealing with humans at governmental and business level, it will always come down to greed.
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