So there is a TON of reasons to be bullish lately.
-El Salvador and now other smaller countries are on the adoption path
-Eth is blowing up in price, deflating, tying into staking, and rocketing up in demand
-BTC never hit its blow off peak of the Rainbow chart this cycle
-People have stopped caring about Elon
-Tether hasn’t spontaneously combusted
And many more, however, remember something extremely important:
This bull is likely to end much like all the others
Yup, even with defi, even with microstrategy and Tesla and the big banks and all the other institutions; there is likely a very big black swan looming large. One of many, actually. And any one of them could crash the stock market, and with it, crypto.
-China’s 300 billion dollar “Lehman-esque problem: https://www.google.com/amp/s/amp.ft.com/content/e870dd10-223c-411e-9e72-53c3b8e609b6
-The stock market hasn’t had a true correction (putting the pandemic aside) in 12 years. It’s long overdue
-The US Student loan bubble is still blowing
-The WORLD housing bubble is still growing
-The rent moratorium extension has ended, at the behest of the Supreme Court, and once it ends, over 3 million Americans will ge forced to pay back rent on thousands of dollars or face eviction
-Tether is still very much a threat
-China continues to build up its forces in the South China Sea, continues to cut itself off from the world, and Taiwan is apparently very worried they will hit them with a massive electronic attack and then invade.
Of course there is already many more possibilities, and this isn’t meant to be a “FUD Post.” Just a reminder to never forget to take some profits along the way, to have an exit strategy, and that this bull could still go a long, long way.
Just don’t bet the house on it.
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