Bankless ROLLUP: Why BlackRock CEO is Bullish Bitcoin
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Jul 7, 2023 The discussions highlight Larry Fink's bullish stance on Bitcoin, suggesting it could revolutionize finance. Delve into the current NFT winter and how Bitcoin's market sentiments are shifting, shaped by institutional interest. There's a focus on the stark contrasts between centralized and decentralized finance, and the implications of upcoming launches like Base by Coinbase. Also examined are the regulatory challenges and the influential power dynamics at play within the cryptocurrency ecosystem.
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Bitcoin Market Analysis
- Bitcoin's price increase seems driven by the ETF narrative and traders.
- Net new buyers are needed for a sustained bull market, says Anthony Sassano.
Early Signs of a Bull Market?
- Anthony Sassano believes the bull market may have started weeks ago, driven by institutional actions.
- Market recognition and new money are needed for confirmation, though.
Investing Strategy
- Don't try to time the market based on macro factors or short-term trends.
- Focus on long-term value and personal conviction, advises Anthony Sassano.