Crypto’s largest exchange just got hit with $4 billion in fines. Its CEO resigned.
Rumors are swirling that the largest stablecoin, a crypto version of the US dollar, will collapse under US regulatory scrutiny.
Every major US crypto entity is getting sued by investors, users, or the US government.
Bitcoin’s price is up 126% this year.
The bear market warriors claim validation. The OGs chant “victory!” The bull market champions call for new all-time highs.
They all expect crypto will go on an amazing run, they just can’t agree whether that means bitcoin’s price will hit $60,000 before the halving, deliver diminishing returns through the end of 2025, peak sooner than expected in a “left-translated cycle,” or reach some other number on a timeframe that fits within the cycle theories, trading charts, and data models.
Nobody else seems to believe them.
Mainstream commentators seem doubtful. Jim Cramer said crypto’s done. YouTube traders say this is the “B” wave of an A-B-C correction to $6,000 (whatever that means).
Your favorite regulators say it’s a fraud. Munger and Buffett say it’s going to zero.
Macro guys tell you the wheels are about to fall off the world’s economy but 2022’s Recessionistas tell you that the recession’s been called off.
On-chain gurus say prices have to go up because 75% of bitcoin’s supply sits in the hands of people who either don’t care enough to sell or care so much they won’t sell. Data guys say that can’t happen, “the maths” don’t work out.
One side of YouTube says the bull market’s confirmed. The other side says prices have to go down because “there is no liquidity,” “interest rates are too high,” and “we need capitulation first.”
You’re torn between two lovers, a bull and a bear. They both want what’s best for you, but only one is right!