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Black Swan Events

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by COINS NEWS 36 Views

What's everyone's take on the recent ETF news? Is this really good news or is this possibly very bad news?

I personally saw this as pretty mediocre step into our traditional financial sector with a very minimal impact on BTC and the cryptocurrency markets. It just puts our assets in full view on the open/close markets for a little bit of pump/dump here and there, visible by all centralized investors in North America.

Moving forward, at the time, I couldn't foresee this as being bad for us, this was before the recent almost 20% dip from $50-$40k, seemingly correcting itself on a day-to-day basis, I thought we were in full bullrun territory, if you look at the price, how the fuck are we not in a bullrun?

I've come to realize, is this a good thing for us? The United States just accepted BTC on a very deep level, to turn their back on it, would be to screw over an extremely large corporate entity, which is not what the US does, they love their corporations.

What happens if we see Tether getting attacked next? We know it's been coming, their competition has been completely decimated by the US Financial system, this has been regarded as the biggest black swan event we could face in crypto, aside from Binance going under (and it's kind of been happening, while our market stays above water). We also know CBDCs are coming, maybe they are ready for release?

Are there any other black swans events that could potentially put us back in our shell until late 2024/early 2025 when the post-halving reoccurrence explodes? I sincerely doubt we're going to crab to infinity without other disasters on the way.

submitted by /u/3utt5lut
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