How low will Bitcoin go this time?“Trading is playing market sentiment. Investment is aboutpredicting the future.”Bitcoin believers are perfectly entitled to believe what they want to believe. The rest of us: too clever to fall for the hype, ortoo stupid to understand – depending on your perspective, have grandstand seats for the BTC “how low will it go this time” championship. Bitcoin is the ultimate trading asset. It is the pure essenceof what a perfect market could be – a refined distillation of the beliefs and sentiment underlying it. BTC is largely untroubled by the difficult base questions that distort other assets, distractions such as the economy, monetary or fiscal developments, conflict and noise. At least that’s what it likes us to think.For an asset class that is supposed to be defi from trad money and the ructions caused by the evils of fiat monetary manipulation, Bitcoin is highly correlated to traditional market weaknesses!

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