Surviving the SUPERCYCLE | Decoding policies | Not financial advice • DYOR
Btc Midcycle
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Hong Kong announces plans to submit a draft bill this year to establish a licensing regime for virtual asset trading, custody, advisory and management services.
China is coming for bitcoin:native .
🇨🇳 Former UBS Asia head says crypto could enter another supercycle if China reopens access to crypto trading.
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#Bitcoin falls nearly -$2,000 in 20 minutes as $414 million worth of longs are liquidated in under one hour.
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🇺🇸 CFTC says it's going to "provide a federally regulated path for crypto."
BULL RUN WITH REGULATIONS = PARABOLIC
Mike Selig
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BLACKROCK says AI robots might start saving their money in Bitcoin.
Why? Because Bitcoin is good at holding value over time.
They think the future could look like this:
#Stablecoins for everyday spending,
#Bitcoin for long-term savings.
Pretty big deal👀
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Bears are having a hard time pushing #bitcoin price below.
BULLs are in control.
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In 2-3 days we'll have something similar to what happened on 10/10. #crypto
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US ISM Services PMI came in at 54.9.
Previous: 55.4
Expected: 55.1
BULLISH FOR #crypto as gives FED reason to not hike.
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Rupee (96.31) is falling, stock market is falling, economy is falling,infra is falling.
The reality is the shock is yet to come and we're already in trenches.
BUT THERE'S NO CONCERN.
"There's no cause for concern. Indian economy remain strong and strengthening. Its absorbed four years of global shocks without losing growth."
— Nirmala Sitharaman, FM
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