Bitcoin’s top at $69,000 brings many questions.
-Diminishing returns to that extent we experienced was a surprise
-Does that change the long term dynamics of the market?
-Still Possible lengthening cycle actually plays out could bitcoin make a new all time prior to 2024 halving.
That brings to question the nature of the cycles.
-Are they really 4 year based or macro based?
-Were cycles once more 4 year based primarily because the supply demand dynamics the halving of the miners reward while still affected by the macro?
-Now as the market matures is the macro the primary driver?
Narratives and thesis.
-Bitcoin is an inflation hedge..
Bitcoin is many things to many people.
Bitcoin is a hedge against current debasement.
This is part one in our discussion. The next upload will focus on Ethereum going into and out of the merge, altcoins and bitcoin's dominance going forward.
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Into The Cryptoverse These videos are for educational purposes only. Nothing in this video should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial adviser before making any financial decisions. Investing in general and options trading especially is risky and has the potential for one to lose most or all of their initial investment
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