According to BTC dealer Physician Revenue, the worst-case scenario will be the only time money enters the cryptocurrency market.
They predict that CBDCs will alter the US dollar as a result of digitization, with regulated crypto playing a crucial role.
Even if there is currently a portion of accumulation, the analyst is hanging onto their investments.
A tweet from mid-March, which claimed that CBDCs would eventually replace the US Dollar, was recently retweeted by bitcoin expert and dealer Physician Revenue.
According to his earlier claim, Bitcoin’s bottom was at $15,400 and it could not go much lower. According to him, the decline to $15,400 represented the total capitulation that occurred, and BTC miners concurred that it was one of the most severe losses they had ever experienced.
The analyst also mentioned that it would be a huge buy signal for many people who missed out on accumulating in that area if the market allowed Bitcoin to reach $20,000 once more. According to Physician Revenue, the market should be in an accumulation phase rather than a bull run or bear market.
Additionally, he had cautioned clients against focusing on BTC’s current pump and advised business owners to closely watch the relationship between BTC and China’s stock market. He also said that China would increase the restriction and legalize cryptocurrency once more, which may be quite optimistic for cryptocurrency over the longer term. Finally, he said that the charge hikes would continue since the inflation was too high.
But according to Physician Revenue’s most recent statements, no money has yet been injected into the market, and it is only possible in the worst-case scenario. The FED stability sheet gives consumers and businesses reason for optimism, which causes dry powder to increase. Although the unemployment rate is historically low, excessive credit card debt is a bad sign for fighting inflation. The speaker thinks that we are not currently in a bull market and that the housing market will collapse similarly to 2008.
Additionally, the BTC expert thinks that digitization will eventually cause CBDCs to replace the US dollar. Regulated crypto can even serve a crucial purpose, but you must be cautious of regulations that could .
Bitcoin and a few other altcoins make up the majority of Physician Revenue’s investments. In their tweet, they stress how important it is to be aware of Bitcoin’s broader context. Despite the current accumulation phase, they are sticking onto their investments in anticipation of the upcoming bull run, which the BTC expert believes will begin in a year and a half.
