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Recently, Bitcoin has been dominating the price charts, showing a positive uptrend fueled by various factors, including the impact of Grayscale’s Bitcoin Trust (GBTC) and the emergence of spot ETFs.
Now, Bitcoin is ready to take on fiat liquidity and go up against this massive pile of unpayable liabilities. That’s the message from Dylan Leclair, a Bitcoin and macro analyst associated with Bitcoin Magazine.
Leclair explains his thesis on Bitcoin accelerationism and touches upon the significance of energy and Bitcoin’s proof-of-work mechanism. He believes Bitcoin’s dominance is a crucial step in challenging the existing financial paradigm.
However, make sure to stay until the end of the video where LeClair breaks down the future price trends for Bitcoin and other altcoins.
About Dylan LeClair:
Dylan LeClair works at BTC Inc as the Head of Market Research, working as the Lead Analyst at UTXO Management, while also leading the production of a research newsletter focused on the bitcoin market, Bitcoin Magazine Pro.
He co-founded 21st Paradigm in early 2021, to help individuals and businesses understand bitcoin and itโs potential to serve as a neutral reserve asset for the world.
Credits: To watch the full interview highlighted in the video (and subscribe to a great crypto resource!) Check out Baltic HoneyBadger 2023:
Baltic Honeybadger 2023 conference livestream day 1
https://www.youtube.com/live/V3vvybsc1A4?si=OBxk4T3ul-4FSOH0
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๐ง My FREE On-Chain Analysis & Crypto News In 5-Mins: https://www.cryptonutshell.com/subscribe
Wait for the dip
Great content and I thank you for breaking it down!! Even with the current dip in crypto current, Iโm still Glad ๐I can smile back at my portfolio of $66,700 made from my weekly trade within a short period.
Crypto Bull run is making waves everywhere and I have no idea on how it works. What is the best step to get started please?
Exciting times in the crypto world! The latest analysis reveals a bullish trend for Bitcoin in the coming week, especially intriguing following its recent weekly closing patterns. The approval of a Bitcoin ETF adds to the buzz, presenting a prime opportunity for investors to strategize and potentially capitalize on these market movements. Definitely a moment for crypto enthusiasts and investors to watch closely and make informed decisions in this ever-evolving market…managed to grow a nest egg of around 100k to a decent 432k in the space of a few months… I'm especially grateful to Donna Mikalonis, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Please, how can I make profitable investment!! the market is getting highly volatile currently, this is the best time to invest and trade on cryptos.?
Set design that transcends being a backdrop; it's a character, contributing to the narrative's richness.๐