Do you know the question I’m asked the most?
"What about the bitcoin?"
I would have to think smartly about the global economy, regulators, levels of support, and other big things.
But I’ll just say, "I don’t know".
And I think that should be the answer of any serious analyst now. Unfortunately, for an analyst, admitting ignorance is often considered loss of face.
All analysts operate on the same input information, neither I nor the vast majority of "crypto-prophets" have special insider information. Now the dynamics of the rate of bitcoin is determined by information. Any event, even a minor one, causes an information surge, supported by all possible media, and the corresponding course movement.
The court has almost approved Bitcoin ETF, commentators applaud, the stock market is growing, but is quickly returning to its original values in anticipation of the next news. There’s no subject for analysis.
However, these are minor events in the short run. But how will Bitcoin behave strategically?
I don’t know either.
I don’t know who really came up with the Bitcoin, what their goals are, I do not know strategic plans of the authorities of different countries. I only know what they want to show me.
We can abuse the fiat all we want, but it exists within clear rules, and therefore it is predictable.
You don’t have to be a great analyst to say that once the ETF is approved, Bitcoin will grow. Fine! What’s next?
Again, I say, "I don’t know!" It’s more honest than predicting a million dollars "in a few years".
Professional analytics can be done on reliable input information. We are reasoning without understanding the essence of the ongoing events.
It upsets me when all the colossal energy hidden in a blockchain is spent on stock exchange trading. Friends, the stock exchange is secondary. Once the blockchain is integrated into the real economy, then we can talk about a big professional analysis.
Does this mean you don’t have to invest in Bitcoin?
Not at all. You just need to understand that it is an element of a gambling. This is some sort of a smart casino.
And now it makes sense to focus on blockchain projects that bring real benefits. That’s what we do when developing Meta Force. It’s fair and predictable and it depends on us but not on the news feed.
#Bitcoin #analytics #globaleconomy #regulators #blockchain #blockchainprojects #MetaForce
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