Bitcoin under 100K?

Hmm, I find it interesting that the current stance on the crypto market is to sell. I personally am not an analyst and cannot make an assumption on the decline of the market.

It’s like SupaHotFire says, “I am not a rapper”, but still he raps. Lol, sorry. This is a lighthearted Substack and my first, so I’m trying to be a bit different to blend brain rot with knowledge.

Interestingly, in the last 24 hours, the price of BTC has dropped 6.55%. At the time of writing, the price is $95,349.18. BTC has now lost about 20% of its value since its all-time high. The price will continue to drop, especially with the incoming Fed rate changes on interest rates - increase, hold, or cut rates. Wall Street seems more likely to cut rates, which has me eyeing buying more BTC. For reference, rate cuts will boost liquidity in the markets, so more investors are likely to allocate risk to assets like crypto and volatile stocks.

Wall Street or “news outlets” are saying that BTC is a risk asset due to being highly volatile compared to bonds. To a certain extent, but BTC is digital gold. I’m sorry, but they’re wrong. These asset management institutions are buying large sums of BTC, knowing damn well that it will only go up, up, and up. BTC is only following market trends just like any other stock, but I’d get my bag up and just continue buying more and more.

Altcoins are also at a low point—ETH, Solana, Sui, etc. Bittensor and Hype have been holding up pretty well; however, overall, shit sucks. I need to be more articulate when it comes to selling my altcoins. That said, I’ve been putting them into lending pools and vaults to gain yield.

Overall I will continute buying BTC type shit. Also check out VeniceFi.com ;).