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I was initially pessimistic about the market outlook, but seeing the price trends of gold and silver, I've become optimistic about the future of Bitcoin in the past few days and bought back all the Bitcoin I sold at the end of last year.
Gold can be said to have a consensus, but I think silver is purely speculative; its value is no higher than Bitcoin's. I've been wondering, with Bitcoin already in the White House, what narrative is left to drive its price up, and who are the remaining marginal buyers? But it seems that given the irreversible depreciation of fiat currencies, since silver can increase the entire market capitalization of Bitcoin in three months, it doesn't actually need a clear narrative to drive a significant rise in BTC; it only needs people's fear of fiat currency depreciation.
Why don't I look for opportunities elsewhere even during a crypto and a bull market in precious metals? Because this cage is all I know, and I believe many people are like me, preferring to stay here and wait for the bull market to arrive.
Adhere to the strike zone 🫡
I definitely want to stay in the crypto I'm familiar with.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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