During times of geopolitical uncertainty, the price of bitcoin may be muted or even drop in the short term... But in the longer term, it will regain its previous price and rally significantly.
The presumptive 2024 president is beginning to see the asset class as a way to keep a lead over China.
Between Elizabeth Warrens “anti-crypto army” and the SECs Gary Gensler’s regulation-by-enforcement, the crypto community is slowly being pushed farther and farther into the arms of Trump and the Republican party.
The diversified digital asset company reported that revenue was $259.73 million for the first quarter, an increase of 77% YoY.
Bitcoin's potential to integrate seamlessly with existing financial systems is becoming increasingly evident.
The only halving story that matters and a quick comparison to past cycles
The firm claims that the trading price of Microstrategy’s stock implies a valuation of the bitcoin it holds at over $177,000 – more than 2x the current price of BTC.
While Galaxy shares are up more than 200% over the last year, its obvious to anyone paying attention to the stock that the company isn’t getting the same love from retail as companies like Coinbase (COIN) or Microstrategy (MSTR).
Corrections, in some case, can sometimes be looked at as a healthy cleansing. And this correction – even if it extends through the halving – might just be one of those.
The retail FOMO crowd, if anything, is just starting to boil – not bubble. Crazy insanity price movement – not just new all-time highs – could be on the horizon.
That’s it, really. That’s the story. All eyes are on bitcoin right now.
