➡️ In the current situation, the first question that comes to mind is: “Can $BTC go to zero?”
My answer to that question is NO.
➡️ Here are the arguments:
1️⃣ The crypto market is a pure Ponzi scheme, but it is self-reproducing. A perfect example is Mr. Novogratz and Galaxy Digital. Remember how last summer he got rid of BTC while telling buyers that Bitcoin was about to hit $150k? Then he sold $SOL around $236, dumping it on some unsuspecting bagholders. This man has plenty of cash. Since he hasn’t left the business, that cash will probably be put to work.
2️⃣ Numerous crypto ETFs make money from managing funds. The price of BTC itself is less important to them than client activity. If the underlying asset declines for too long, interest falls, which reduces ETF issuers’ revenues. At some point, they will certainly try to “revive” the market, and we’ll see headlines like “BlackRock believes Bitcoin’s market cap will surpass gold.”
3️⃣ The Trump administration may once again try to win over crypto voters (judging by the polls, Republicans are struggling right now). It’s possible that the republicans will soon start pushing the CLARITY Act and discussing some new “U.S. crypto reserve.”
4️⃣ Thousands of network marketers with millions of followers haven’t gone anywhere. They’re depressed right now, but they’re ready at any moment to reignite their audiences with new fairy tales about unimaginable wealth awaiting every crypto enthusiast 😆.
◽️These points alone are enough to believe (not claim) that BTC is unlikely to go to zero.
If we accept that premise, from a risk-reward perspective, it makes more sense to focus on swing longs and long-term spot accumulation.
✔️ That’s why, in this guessing game, we are betting on a rebound after the decline at the beginning of June. If another drop comes, the logic remains the same. Overall, the risk-reward for longs improves with every new low.
