It’s Different This Time 🤡 is it now?

Hi guys, April was bullish up until the halving. Immediately after the halving, it was like bursting an inflated Baloon, all of a sudden, “it’s different this time turned into “we are so effing poor”. Let’s even talk about the wave of FUDs that surfaced out of nowhere and how each contributed in suppressing the price of the market.

War in Iran

First one that I took note of was the war in Iran, we woke up one morning to news that Iran shot missiles to Israel signifying an offensive attack, news of a pending war broke out and the price of Bitcoin and stocks started to go sideways. According to what I understood, events like that negatively impact prices because people cash out their portfolio for harder assets like Gold or so I heard.

SEC against non kyc crypto brokers

Shortly after this, the price of Bitcoin was still in recovery mode then another wave of FUD came about, The SEC sent wrote a sort of open letter to currency brokers like exchanges who don’t do KYC that they must start to or else be fined. Uniswap, Metamask, and co all came under fire during this time.

The dip kept dipping and bottoms seemed to never stop bottoming. Fact is these dips are normal but the fact that they all happened in the same window made the drama seem out of proportion, to me though, it felt really orchestrated,….

CZ goes to prison

Then to cap it all, CZ was sentenced to 4 months in prison and the bottom prices is now a bottomless pit. Crazy lmao. But I don’t know why this CZs news is not shocking me, first of all I don’t think a billionaires prison is so bad, I don’t think it’s the same prison everyone stays, I watched a few movies back in the day where Billionaires either had a secluded section in the prison or they had some customized spot.

Pablo Escobar? Ring a bell? Sending CZ to 4 months jail, what kind of sentencing is that? To what ends, really? 4 months in Jail, for someone they claimed to launder money? Is that normal to you? This is not normal, and if anything, I can only perceive that CZ will take crypto gospel into the prison to enlighten other billionaires like himself there.

Hong Kong BTC ETF

My spider senses are telling me that some cabals are about to enter crypto. Did I mention that while all this has been happening, Top Hong Kong asset management companies also got approval to start trading BTC ETF? Rumors have it that these entities have similar resources like BlackRock and more, but I’m not quite sure the market is reacting to this bullish news accordingly.

I really don’t see the evidence of an organic sell off, this dump seems orchestrated once again, because for every problem that seems to be making the market dump, there are already alternative solutions.

Every problem has a solution

Each dip is met with innovations and solutions that not only address current issues but also pave the way for more stable and sustainable growth. For instance, despite the crackdown on KYC non-compliance, decentralized solutions and advancements in blockchain privacy are constantly evolving, showing that the ecosystem is responsive and robust in its technological progression.

So, while the surface narrative may scream panic with each dip and regulatory scare, underneath lies a steady undercurrent of growth and adaptation.

The market may seem irrational at times, but these fluctuations are part and parcel of a maturing market. This is about the long-term potential of integrating blockchain technology into mainstream finance.

Conclusion

As for CZ and his brief stint in jail, it could very well become a minor footnote in crypto’s history or a catalyst for something larger, especially if he uses this time as a platform to further advocate for crypto’s potential.

Regardless, the bigger picture here isn't just about one man or one company, it’s about the inevitable shift towards truly decentralized assets and the continuous evolution of the market dynamics.

Thank you for reading.

Kindly share your thoughts in the comments.

Images were generated with Ai.

Posted Using InLeo Alpha