A trader and analyst who took a long position on Bitcoin (BTC) as it bottomed out in 2022 is expressing bullish sentiment on the flagship crypto asset.
Pseudonymous analyst DonAlt tells their 48,800 YouTube subscribers that the troubles being experienced in the banking industry are a bullish catalyst for Bitcoin.
“Given the macro background that we have, which is basically a lot of faith in banks being destroyed right now, a bunch of people are actually thinking that we are going to get 2008-style bank collapse again. I’m not necessarily in that group but I’m no banking expert. So for me, it doesn’t really matter. I doubt it. Honestly, I think we’re going to get a bunch of government interventions as we did in America…
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