What is important for the new bitcoin bull market:
1. New buyers
Retail can only buy a smidge of the $1.3tril asset.
Potential candidates include sovereigns, who can print fiat to buy, hence not very price-sensitive.
2. OGs getting off of a high horse of "it has to be 70% down before it can go up".
OGs seem tired: see G. Cardone's interview
https://www.youtube.com/watch?v=QWVR5WqiTvY ...where he makes some interesting points, especially about the "float".
OGs might be selling at some point, hopefully relatively slowly. This point is slightly contradicted by a recent buy by large accounts, but we don't know who were those buyers, exactly.
3. Difficulty has to go up, probably, vs current down. There was never a steady bull market while difficulty was declining, apart from a short time periods.
US companies cannot be relied to do this since they pivoted to AI, so, maybe, Asian countries, like Kazakhstan, etc, could pick up the slack (and use free energy, maybe from gas that is vented anyway)
What is not important:
1. Clarity Act
It would not help us one bit, contrary to the prevailing opinion.
All they are talking about is the stable coins, which are less useful in US.
2. MSTR and STRC....they are now kind of peripheral. Just a divvy player with small (relatively speaking) periodic sales.
Who thought about that DAT strategy? Oh, yes, Microstrategy that wanted to become a bigger STRATEGY.
After that, GPT gave him an idea, which was not truly thought out.
3. Digital credit, whatever it is.
Poll
