Part 7/13:
The mood is overwhelmingly bullish, with talk of Bitcoin potentially reaching $750,000 or even $1 million—a level where the hype could reach its zenith before a likely correction, reminiscent of past boom-bust cycles. The group debates whether the strength of Bitcoin's cycles will persist or if institutional rebalancing will trigger a downturn.
Market Sentiments: Fear, Cycles, and Institutional Moving Parts
The group notes that market fear is pervasive, driven by macroeconomic concerns, regulatory threats, and influential voices like Ray Dalio hinting at banning Bitcoin. Paradoxically, this fear fuels bullish optimism: the more governments threaten, the more confident the supporters become that Bitcoin is the ultimate escape hatch from fiat devaluation.