BTC will make it, but might be a long winter."
Today Elon musk tweet this. What is the real meaning of this? i can not figure the exact meaning of this. can anybody explain?
That is the meaning that Accardo told you, that it could take much longer time before this present bear market is over, but no matter what Elon Musk said, bitcoin does not depend on any one speech or tweet, the bear market may be over soon, it may take longer. Do not let anyone discourage you to invest at low price like this.
Surely, not only Elon but even any president will not be able to make any impact on the development of bitcoin but in this situation maybe Elon is making his point and he is cheering the market, which is also a good thing.
I also agree with his thinking, winter this year will be harsher and possibly longer than any previous cycle because we are going through unprecedented things economic crisis, inflation, war shows almost no signs of cooling down, so it is hard to say that the bear market will end soon.
Crypto winter came, but it will leave, one day or the next it will leave, and that’s the thing that matters. There are way too many people who acts as if it won't and the price will stay low like right now but that’s not true. Same is basically said by Elon, maybe tomorrow, maybe a year from now, maybe two years later, but one day we are going to see the bull run again and the price will be above ATH again, we will see 70k per bitcoin and more.
This is only matter of time, we don't know when it will be but we know it will happen. Which is why buying bitcoin is not such a difficult situation for any of us, we could just buy now and wait until that bull run eventually comes.