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Bitcoin has been declining for five consecutive months. This has only happened once before, in early 2018—2019, but after that, Bitcoin rose for five months straight. Do you think this time history will repeat itself?
If the crypto market is going to rise, we’ll have to wait until Powell steps down and Wob takes over to start reducing the balance sheet, which will gradually lead to a rise. This is expected to happen around July to August, meaning we still have to wait 4 to 5 months.