pierre on Nostr: It dropped from 70K to 17K in the last couple years. I think such drops will continue ...
It dropped from 70K to 17K in the last couple years. I think such drops will continue to happen especially with the ETFs.
ETFs holders are in it for the money and once they feel they need to de-risk their investments there will be a mass exodus from the ETFs which will further drive prices down. So as much as we were happy to ride the ETF on the way up, we need to be prepared for the opposite the happen eventually.
I don’t know if Bitcoin price will continue to be as influenced by halving events as it has been, but regardless I believe price will continue to be very cyclical and will continue to have large price drops for the foreseeable future.
ETFs holders are in it for the money and once they feel they need to de-risk their investments there will be a mass exodus from the ETFs which will further drive prices down. So as much as we were happy to ride the ETF on the way up, we need to be prepared for the opposite the happen eventually.
I don’t know if Bitcoin price will continue to be as influenced by halving events as it has been, but regardless I believe price will continue to be very cyclical and will continue to have large price drops for the foreseeable future.