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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