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My Financial Friend
Current Market Concerns
- USDT collapse supposedly happening tomorrow
- End of the quarter approaching, potentially leading to market volatility
- Bitcoin's recent all-time high and iBit's first outflow week in a long time
Bitcoin and USDT
- Michael Saylor's company, MicroStrategy, may be buying more Bitcoin
- USDT delisting in the EU and potential regulatory issues
- Historical USDT FUD (fear, uncertainty, and doubt) has marked market bottoms
- USDT's market cap recently decreased by $1 billion
Market Volatility and Predictions
- Potential for significant market movements due to end of quarter and year-end wrap-ups
- FDX to start repayment of $16 billion in cash, potentially leading to market inflows
- Prediction of a less deep bear market, with potentially 50-60% drawdown
- Bitcoin's institutionalization and growing adoption may reduce volatility
Bitcoin's Resilience
- Bitcoin has created organic attention and emotional attachment among investors
- Even if Bitcoin's value drops significantly, there will still be buyers and holders
- Bitcoin has become institutionalized, with countries buying and mining it
Upcoming Events
- End of the quarter and year-end earnings announcements
- Potential change in accounting rules and upcoming news announcements