42 Million Bitcoin Users: How Early Are We in Crypto?

"however the amount of liquidations since then has actually been on the decline and this means that btc's current rally should have a fairly smooth ride ahead not many crazy liquidations at least for now"

"What's even more bullish is that Tech Giant Microsoft also has an upcoming call with its shareholders where they will vote whether it should start holding BTC as well and if Microsoft adopts BTC on its balance sheet you can bet your bottom satachi that other tech companies will follow suit"

"in a nutshell the authors explained that BTC experienced a lot of profit taking once it hit its peak back in March and would only enter a stage of euphoria once it broke above that 69k resistance level of course this means that we are now well and truly feeling that uh Euphoria"

"on the other hand the reduced volatility also results in diminishing returns for each market cycle put differently those crazy 1,000x returns are going to be harder to come across and it's safe to say that those kinds of gains are long gone for BTC and other large cap altcoins"

"however so far this time around we haven't seen those levels being hit in other words this bull cycle is far from over"

"we are right at the beginning of An Almighty rally that could take crypto to Valhalla and given the result of the US election there's no telling where that rally could stop"

"This all but guarantees that the US will finally introduce positive regulations that will allow the crypto industry to thrive starting in 2025"

"assuming Trump sticks to his promises one of crypto's biggest obstacles Gary Gensler will soon be pushed out of his role as the chairman of the SEC assuming that he doesn't resign before then"

"once BTC tops out investors will start the great rotation into Els in order to maximize their gains"