You are right, BTC has really outperformed all of our expectations in the first quarter of 2024 and to be honest I think it will outperform our expectations in the 2nd and 3rd quarters of 2024 as well. But in the last quarter of 2024, it might come down, maybe we might see a little or a big correction in the last quarter of 2024. Why?
MT Gox's last payment deadline. Which according to
resources has been set to 31 October of 2024. So, as we all know the amount is so big that if given to the people they will start selling it in no time, and the market will definitely dump in October. I might be wrong so DYOR.
Plus, there are chances that the US
will sell the $2 billion worth of BTC seized by Silk Road, as they transferred $60 of BTC from those funds, which is giving me the vibe that they might be thinking of transferring those funds for maybe selling purposes. So, no confirmed date is here for that, but I assume it will be after having maybe in 3rd Quarter.
These two are the main events that I think we should know of, who knows when China will decide to make crypto legal again haha. who knows other big countries (by crypto users) will start legalizing crypto as well. Who know what is going to come in front of us in future. Well, be ready for a bump ride, and I suggest we should make an exit plan.