What to know (if you’re brave enough to ask):
- Markus Thielen of 10X Research is playing it cool like a cucumber in a salad, not buying the dip just yet.
- The speculative bubble popped like a New Year’s Eve balloon, and new bull markets don’t sprout up like daisies.
- Bitcoin is on a one-way ticket to $73,000. Pack your bags!
“Is it safe?” For any crypto investors still clinging to their digital coins like a child to a security blanket, that’s the question du jour.
Markus Thielen, the bearish oracle of 10X Research, has been watching this trainwreck unfold and he’s not about to jump back on the bandwagon.
Remember the DeFI/NFT bubble that burst in 2021? ETH is still nursing its wounds like a boxer after a KO. Now, memecoins have taken a similar dive, leaving Solana (SOL) and friends in the dust.
“This structural decline is like a house of cards in a wind tunnel,” Thielen quipped in his Tuesday report. “Bitcoin (BTC) is merrily skipping toward $73,000… and if history is any guide, the next big move will need a plot twist worthy of a telenovela.”
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2025-03-11 19:13