Now I know that most of the people here are expecting Bitcoin, ETH and a lot of credible alts to skyrocket soon especially with the halving so near, but I'd like to pose a question that I hope some of you may have a decent answer to. To be clear, Overall I believe in the asset class long term.
QUESTION: Where is the money coming from?
From my limited point of view, the US is in deficit spending due to providing financial support to 2 wars, the EU is more or less in a recession due to the massive increased cost of energy for production, the UK with poor projected GDP growth, and China that is currently with their real estate problems and poor re-opening.
Credit card debt is on the rise, student loan debts in the US has started to be collected this year, Car loan repossessions are on the rise, Mortgage rates have increased. Cost of living went up significantly.
So again, where is the money coming from or going to come from? It can't be just because of the potential ETF right?
* yes, I missed the bottom due to attempting to pay off my debts.
** yes, I'm waiting for a retracement.
*** I do believe the asset class for the long term, maybe I'm just still in the state of disbelief(see psychology of a market cycle)
Thanks in advance
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