Again, Mpembea Effect, the hotter Bitcoin gets the faster it's going to freeze. This naïve concept that institutions are going to eat the losses of a devastating bear market is totally ridiculous. Institutions do what institutions do best: hedge their bets. They are hedging now by entering the market, and they will hedge again when the bear market hits. They'll take gains. They'll short the market. This is a guaranteed fact. They are not the saviors of price action. They are the sharks. Count on it.
Anyone who talks about super cycles and seven figure valuations in this cycle can shove them.
What you say is exactly what will happen. I am selling by dollar cost averaging around what I imagine will be the top. And I imagine the top to be somewhere between $100k and $400k. I have bought mine at a price point so low that BTC would have to fail if it ever went that low.
Posted Using LeoFinance Beta