If houses shot up in price & are not coming down due to supply/demand, why would BTC?
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So I see a lot of people saying that we need a drop for a “healthy correction”. I’m not too sure why this would be true?
To my knowledge, there is nothing that we can really compare BTC to. Sure, we can say stocks, gold, etc. however, they are nothing alike.
Now that spot ETFs are approved, and the world is starting to witness the value that BTC offers, why does it need to have a correction?
Even houses, as long as it takes to build more, you can build more. But we will never have more than 21 million BTC. With BlackRock, Microstrategy, and people in general eating up BTC, would it not be fair to assume that it will just continue to go up?
I could be completely wrong, but I don’t think we will ever go sub 50k again. I believe we will continue to climb up, with the occasional 10-20% daily loss.
I don’t know about you guys, but the hype is definitely back. Just not much in the media, but as far as interest goes, my circle has started hitting me up again about Bitcoin. I can’t go a week without someone bringing up Bitcoin to me. People are interested again, and I believe this time, they have realized that they might as well buy. They are realizing that even if it loses 50% of its value, it will eventually come back and create a new ATH.
I feel like these dips are nothing but market makers liquidating longs. Eventually, they will not have the same power that they do today in controlling the price of BTC.
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