$BTC is currently recovering from its worst pullback this cycle, a 36% correction that started after it made ATH on October 6
meanwhile we have a confluence of lots of good news all at once
- the US Federal Reserve (FED) ended QT on December 1, the first time they will be doing this since ending a QT cycle in September 2019
- the FED injected $13.5 billion in liquidity into the banking system which is one of their largest liquidity injections since COVID
- further FED rate cuts are expected in a week's time
- ultra conservative $11.5 trillion asset manager Vanguard just integrated crypto, opening up crypto to its 50 million plus users for the very first time
- Bank of America, the second largest US bank, just published guidance recommending its clients have up to 4% of their portfolio in crypto, the very first time they will ever make an allocation recommendation for crypto
- Michael Saylor just raised $1.44b for a cash reserve that gives them enough runway for at least 12 months, meaning no forced BTC selloff for the foreseeable future especially since a lot of the recent FUD has been that Strategy will be a forced seller soon
there is an overwhelming amount of good news all of a sudden after Bitcoin has had its most massive crash of the cycle and is heading into a regime of easy monetary policy
this is the time to be buying $BTC and high conviction altcoins aggressively, not panic selling
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$BTC is currently recovering from its worst pullback this cycle, a 36% correction that started after it made ATH on October 6
meanwhile we have a confluence of lots of good news all at once
- the US Federal Reserve (FED) ended QT on December 1, the first time they will be doing this since ending a QT cycle in September 2019
- the FED injected $13.5 billion in liquidity into the banking system which is one of their largest liquidity injections since COVID
- further FED rate cuts are expected in a week's time
- ultra conservative $11.5 trillion asset manager Vanguard just integrated crypto, opening up crypto to its 50 million plus users for the very first time
- Bank of America, the second largest US bank, just published guidance recommending its clients have up to 4% of their portfolio in crypto, the very first time they will ever make an allocation recommendation for crypto
- Michael Saylor just raised $1.44b for a cash reserve that gives them enough runway for at least 12 months, meaning no forced BTC selloff for the foreseeable future especially since a lot of the recent FUD has been that Strategy will be a forced seller soon
there is an overwhelming amount of good news all of a sudden after Bitcoin has had its most massive crash of the cycle and is heading into a regime of easy monetary policy
this is the time to be buying $BTC and high conviction altcoins aggressively, not panic selling