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| By Beth Canova |
The elephant in the market this week has been Bitcoin’s steep, sudden correction.
But while it was a quick hit, it wasn’t surprising. At least, not for our team. That’s because Our Crypto Timing Model Called for This Correction.
Dr. Bruce Ng mentioned in his weekly update that Juan Villaverde’s Crypto Timing Model showed that Bitcoin (BTC, “A”) was looking to establish a new low. And Dr. Bruce reveals how savvy investors can use this market turmoil to boost their investment strategies.
For the full picture, however, Juan explains that while the Crypto Timing Model is useful in determining the direction of the market, we need to factor in the current macroeconomic climate to understand the severity of the sell-off.
That’s why he focused on The Yen’s Connection to This Crypto Correction in his Weiss Crypto Daily issue this week. He says the continued shifting global liquidity tides will continue pushing and pulling the crypto market. That’s why Juan gives one way you can see how he uses this analysis to benefit his long-term crypto portfolio.
Fortunately for the near term, a small recovery has already been posted as the Crypto Market Shakes Off the Storm.
According to DeFi expert Marija Matić, market data is telling her that, while the prevailing macro uncertainty has quieted the loudest shouts of "buy the dip" enthusiasm, investors are cautiously positioning themselves for potential entry points.
In short, the bulls haven’t been scared away. And they’re already starting to emerge from the shadows.
Also influencing the macro climate is the murky area of crypto regulation. And analyst Mark Gough believes that America’s 52 Million U.S. Crypto Holders Should Expect Regulatory Changes.
No matter who ends up winning the upcoming election, politicians are finally picking up what we’ve been saying all along: Crypto is here to stay. That means that the crypto market is poised for transformation, no matter if you live in a red or blue state. Or even abroad, as new crypto regulation could give the U.S. the boost it needs to become a global crypto leader.
And those who can anticipate and adapt to these changes will be well-positioned to thrive.
It will take a while for those changes to be felt in the markets, however. So, looking ahead, what can we expect?
Well, tech expert Jurica Dujmovic suggests long-term investors look at real-world assets. He believes that This Sector Gives Glimpse into Crypto’s Future, particularly in how crypto and TradFi will interact.
RWAs are leading that charge out of necessity, and Jurica asks us to pause and evaluate whether we are witnessing the birth of a new, more inclusive financial paradigm … or simply the repackaging of old power structures in blockchain wrapping. The answer, he explains, reveals a host of pros, cons and considerations investors should be aware of.
But that’s all for this week. Look to your inbox tomorrow for your next Weiss Crypto Daily update.
Best,
Beth Canova
Crypto Managing Editor
