In the future we'll look at the past quarter as one of the most impactful in laying the foundation for broad acceptance and trust of Bitcoin and crypto.
A review of the past 6 months and the events that drove price action through one of the choppiest but most significant periods in Bitcoin's history.
Key Takeaways:
❧Bullish on the fact that traders actually follow macroeconomics and geopolitics and factor it into their strategy now. More experienced and knowledgeable traders = less macro uncertainty and volatility, and a rising floor.
❧Russia/Ukraine conflict put Bitcoin utility on display for the world to see, when other traditional systems fail or are turned off, decentralized finance shines.
❧Executive order by the most powerful economic power in the world - generally respectful tone towards crypto and Bitcoin and appeared to encourage adoption (within some sort of regulatory apparatus of course)
❧First cycle with a rising macro support even after peak (cycle as in Q4 2020 to present). Could be lengthened cycle but this support clearly represents a rising trust and confidence in crypto utility. That rising support speaks volumes.
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