Today’s Nuggets
Epoch 5 Matching Epoch 3 Performance
Morgan Stanley’s 15,000 Salesforce for Bitcoin
SOL Flips ETH in Monthly DEX Volume
The Bullish Truth About SOL
Beware of the Memes
Mox VIX Since the Great Financial Crisis
NVIDIA’s New AI Chip’s Design Flaws
Prescient about Bitcoin
Warren Buffet Sitting on Nearly $300 Billion
Bad News is Bad News Again
In this story, I will show you a supposed legend and how we can turn it into a legend. We will cover all Bitcoin news, the altcoin news, the stock news, and the macro news.
It has been very volatile, with many recession fears, market maker manipulation, and liquidation levels. It was all hunted which I will show you as well.
Bitcoin slammed down to $59,800, liquidating all the leverage. Then, it went right back up! It went higher because there were still a lot of nerves around Iran and all this stuff.
(Update: there was a larger dip this morning)
$60,000 for Bitcoin, $143 for Solana, and the rest of the stuff I do not look at, to be honest.
I tend to be very focused on a few assets but check them out for yourself.
Shout out to @MartyParty for the image, as it was on the money.
The Fear & Greed Index went from 67 to 37 in hours.
This index is very delayed and laggy...should have been very fearful.
We often talk about Epoch 3 being very similar to Epoch 5—that is exactly what is going down.
We are currently in the fifth epoch and that is a 3.125 Bitcoin reward per block. It reflects the cumulative effects and moderate growth and stability. However, the Bitcoin market dynamics have evolved with a lot of regulatory scrutiny. We have the ETFs now, which means we had an early run. However, now we are back down to earth.
If you focus your eyes in the bottom left corner, you see the little black line. That is where we are, and Epoch 5 is currently tied with Epoch 3 as the worst-performing cycle at this stage of the halving. If Epoch 5 follows the same pattern as Epoch 3, this peak cycle would likely occur around the fourth quarter of 2025.
I like a long cycle because it supplies more opportunities to make money. We do not want things going all the way up fast and then down fast.
Would it not be great to have this bull market until late 2025?
That would be nice…
This just came out from Cynthia Lummis.
S.4912, the Bitcoin Act of 2024, has been introduced and referred to the Banking Committee.
Will it get passed? I
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