Im bullish on BTC long term, but there are some major political hurdles to overcome before then. And just because it goes up in value vs the USD, that doesn't mean USD will be of value or BTC legal. USD is the World Reserve Currency and we as US Citizens have been blind to the actions of the FED mostly. While our currency is in high demand, the world has been coming at this major policy advantage, SWIFt is forced to play by Political Decisions rather than economic transactions only. By politicizing Swift our "Servants" have weaponized the Dollar. And more and more countries and individuals continue to be sanctioned, our "Servants" keep driving the World to find a different way to complete transactions. Our currency is horribly inflated and When the world says no more, the USD will be dropped like a ball and all those dollars that have no demand will need to be reckoned with. So while I see this chart as bullish long term, the overall projection is USD weakness and maybe much worse...
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.