The BitMEX co-founder and former CEO said he expects the Bitcoin halving will "add propellant to a raging firesale of crypto assets."
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10 sats \ 2 replies \ @Cje95 9 Apr
Honestly, this does make a lot of sense... Given that even short-term HODLers on average own BTC at roughly ~$58k if it spikes up to say $80k I could see a huge selloff as people try to make a quick buck.
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10 sats \ 1 reply \ @kepford 9 Apr
Very possible but then supply limitation will do what it does. In the long term it doesn't matter. But what do I know... we should all probably pack it up and go home.
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33 sats \ 0 replies \ @Cje95 9 Apr
I am thinking it will be a quick snap back type of event. I think of it as almost a multi day flash crash if that makes sense. It’ll pop down for a couple of days and then really roar its way back into the current range it atm
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