Reality is this will take some time to settle. Maybe 58k was the bottom, maybe not. By 11/1 we’ll know, and this time next year it’ll be obvious in hindsight.
Feels like everyone turning on the Strategy, combined with all the capitulation, might be the exact signs we’ll look back on and say “that was it.”
Last bull run to 126k happened in a pretty restrictive macro environment, which is why alts never really took off like a lot of us expected. If we keep seeing commodity prices and treasury yields trending lower, accommodative policy should follow. Even if full clarity doesn’t come through right away, it won’t matter—if the environment turns supportive for growth, alts will thrive.
With that said, BTC will do its thing regardless of policy. I’m still targeting 500k by 2030, with a possible crash to 150k before the bigger run to 1 million by 2034.