I don't like BTC, but it's probably going to $200k+
Folks that know me know that I don't trust crypto. I don't understand or fully believe its "use" case bull hypothesis.
But I do believe we are in the early innings of a generational bull market for inflation.
In my mind BTC is simply another risk asset and as such an "inflation hedge" or "fiat decline hedge".
In that regard I may have underestimated the ability of BTC to trade higher in the years ahead. Potentially A LOT higher. I'm talking 200k+.
I don't like it but you trade what you see without bias whenever possible. Don't @ me.
But I do believe we are in the early innings of a generational bull market for inflation.
In my mind BTC is simply another risk asset and as such an "inflation hedge" or "fiat decline hedge".
In that regard I may have underestimated the ability of BTC to trade higher in the years ahead. Potentially A LOT higher. I'm talking 200k+.
I don't like it but you trade what you see without bias whenever possible. Don't @ me.
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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.