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Home»Web 3»This too shall pass… | Web3 Daily
Web 3

This too shall pass… | Web3 Daily

2024-04-16No Comments2 Mins Read
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TL; DR

  • The markets are rough right now, but the positive forward movement continues, like the BTC and ETH ETFs that just launched on the Hong Kong Stock Exchange!

Full story

If the current bull run were a movie, we would be at that point in the story where it feels like all hope is lost.

(The main character has failed in his mission/journey, and the storyline wraps up in a sad little bow).

…but then you look at your watch and notice that you are only 60 minutes into the run time of 120 minutes.

(And as you do the calculations, you realize that there will undoubtedly be a comeback in the third act).

Because yes:

Market prices remain in the toilet… attempts at recovery have only failed… the distant murmurs of possible war feel like they are turning into shouts…

(It is scary!).

…so what will crypto’s “third come-back” consist of?

Probably a lot of things, like:

  1. The Bitcoin and Ethereum ETFs Just Launched on the Hong Kong Stock Exchange.

    (Making it MUCH easier for investor dollars from the Asian market to find their way into BTC and ETH)

  2. The looming supply shock that Bitcoin faces via the halving, when the flow of new BTC entering the market every day is halved.

  3. (As things start to recover) a continued boom in meme coin buying on Solana and Base.

  4. Pressure from the courts, slowly forcing the SEC to launch more crypto ETFs in the US.

  5. The US Bitcoin ETFs are returning to large daily net inflows (vs. the current pattern of net outflows).

See also  You can now hire an AI girlfriend for $1 a minute (no joke)

Brb, whisper these points into a ballot and meditate on them…

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Daily pass Web3
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