Bienvenidos mis ositos, tu siempre eres mis queridos! (Welcome back little bears you are always my dears!)
What a difference a few months make.
A few months ago Bitcoin was the ugly geeky girl that nobody wanted to date.
After going to the gym and never skipping leg day. BTC got a major glowup and a makeover…
Bitcoin is BACK with a vengeance.
And now BTC is rejecting the crypto lonely.
The Satoshi simps are back too clogging up your social media feeds.
Normal folks get scared when a valuable volatile ASSet enters a downtrend.
They had chances to buy at $20,000, $18,000, and if you were brave (lucky?) even $16,000!
But when the same ASSet heads up (and costs more) they line up and fall over each other trying to get a piece.
Nothing like a little junk in the trunk to get the motor running eh?
After hitting a firm bottom (tee hee) back in November 2022 there hasn’t been any meaningful dips.
Bouncy, firm, and pleasing to the eye (and hand).
Everyone in the TradFi space woke up and want a piece of dat Bitcoin booty!
Some are so desperate they’ll take anything that LOOKS like Bitcoin.
Bitcoin Cash, Bitcoin Satoshi Vision have (unfortunately) woken up too.
Bitcoin mining stocks (even the bad ones) have caught a bid too.
Michael Saylor must be happy that $MSTR stock has caught attention from randy investors.
Just like in real life, stay away from the surgically enhanced, implants, and fake stuff.
Nothing beats the real thing.
Speaking of implants…
The world’s oldest profession have noticed too! Their legs have opened for business once again.
How far can Bitcoin bounce back in 2023?
Maybe $35,000 by year end? Bitcoin hasn’t done much lately. But maybe it’s taking a break. It is summer time after all. There might be some minor dips in quarter 3.
What can we look forward to in 2024?
I would like to see AT LEAST $50,000 by Dec 2024.
We might even see a Bitcoin friendly President get elected in the US!
Who knows how high Bitcoin will jump if that happens.
Will we finally see six figure Bitcoin after the 2024 halving?
But let’s not get too excited yet.
We still need to watch out for economic curveballs.
What if there’s another bank crisis?
What if there really is a recession?
I could see the SEC pull a d!ck move and reject a few maybe all Bitcoin ETFs based on a technicality.
The fate of the crypto market depends on it.
If that happens I’ll add to my position when Bitcoin dips.
I’m working that extra shift, I’m still side hustling as a granny gigolo.
You need to have extra cash handy for buying any dips.
Bitcoin bounces can go much farther and longer than you think!
Don’t be the cheapskate that waits too long…
Obviously none of this is formal financial or tax advice. You need to find qualified professionals in your jurisdiction.
Be sharp, stay hungry let’s get that money!
