Is It Time To Buy Bitcoin?

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During the month of July, we are going to launch a change in our newsletter. A change that will benefit only the subscriber, I have never seen anything like this before, but I think it can be worth it.

It can’t be the same for those who join for $10 as for those who have been with us since the beginning.

We will update you on future developments over the next few weeks.

Bitcoin is one asset that will change how we understand money. In 2032, 99.9% of the available BTC will already be in circulation, and it will be at that moment when we will see people fighting to have one, and consequently, the price will go sky-high.

The path sounds idyllic, but the price to pay will be a lot of volatility. If not, tell that to those who bought BTC at $69k in November last year. They have seen their BTC drop by more than 70%.

If you want to buy BTC to make generational wealth, this may be the right time. In fact, there are several indicators that tell us that it is very likely that we have bottomed.

As they say in several Reddit communities, “Lambo or 0”. There are no other options. It is clear to me that this is a technology that substantially improves finance, and like all improvements, it will tend to stay in society.

Why do I think BTC is close to the bottom?

Realised Losses

Last week, we could see very heavy realized losses from investors.

The Realized Loss metric shows that over $7.3 billion of losses have been crystallized in the past 3 days alone.

The market has never seen anything like this before. We’re in uncharted waters.

Many people who don’t understand the fundamentals are running scared, taking losses. When all these chickens come out, only those who truly understand the principles of Bitcoin will be left.

 MVRV Z – Score

The MVRV Z – Score is a unique metric that can identify periods where Bitcoin is over/undervalued. The current score is back to the March 2020 Covid lows. Let’s not get too excited. Historical data suggests that this might be the start to a long, grueling crypto winter.

It looks like we could see Bitcoin in the $17-25k range for a long period of time. These kinds of waits at lows of a couple of years always scare the last investors, who are the ones who believe that BTC is not a good asset and get out.

Rainbow Chart

The Rainbow Chart for Bitcoin indicates that we’re at a ‘fire sale’ territory.

Translating the dark blue bands into Bitcoin prices: $17.5k~$20k

This indicator has been hailed for its accuracy in the past, as Bitcoin rarely dips below the lowest band of the rainbow.

Undoubtedly, one of the graphs best indicates the current situation.

Without going any further, we see how in the middle of the halving, there is always depression. “History does not repeat itself, but it rhymes.”

Conclusion

I am buying during this period huge amounts of Bitcoin. To get to generate great wealth can only be done with concentrated bets on a single asset.

To do this, I am following my strategy detailed in this article, in which I have more than met the 2022 target.

Right now, the best thing to do is to send your BTCs to a ledger and hold them from now until 2032, when things will have changed a lot.

“LAMBO or 0”