FederalXBT

Bitcoin sitting at a 5 year macro low -- coincidence SEC?

Panjang
CRYPTO:BTCUSD   Bitcoin
Minus all the news going on right now, it was clear "altcoins" "web3" was going to have its day once the SEC got its order in place, I believe that day has finally arrived.

I have been building a long position on Bitcoin since the $20,000 level preparing for the next cycle, including well structured BTC mining companies.

As my theory would be the moment the SEC makes a move on the "altcoins" it will be like a 2002 NDX bottom / 2009 bottom.

There's nothing the SEC can do to deem Bitcoin a non security without breaking its own law, meaning all "blockchain" "Web3" "memes" will be shifted directly at Bitcoin.

No coincidence Blackrock & Vanguard have cornered the MSTR market and Miners. They saw this coming from a mile away.



What's next? Bitcoin to take the spotlight and make its biggest move yet. .

I suspect history will repeat and there will be a new "altcoin rush" once again in the coming years with a different form hopefully people have learned and don't make the mistake again.



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