BUY!!!
Tailwind:
1) Lots of institutions r waiting on the sideline to dip their toes in BTC. This wave will arrive once BTC ETFs are approved to provide a sanctioned, legitimate and convenient way to ride this bull wave.
2) BTC halving estimated in Apr 2024 will further reduce the supply of BTC until the next halving. Being a disinflationary currency, supply gets more n more limited while demand gradually increases, making halving a historically bullish event.
3) The long crypto winter has shaken out the weak hands, causing them to capitulate. majority of the holders of BTC will not sell their BTC until close to the previous all time high, further reducing the available supply of BTC, driving the price up.
4) Macro-economic conditions are favourable for risk-on assets such as BTC. China is under pressure to support their economy while the states seemed to be on the verge to lower interest rates.
Headwind:
1) while unlikely, further roadblocks from SEC and other big regulatory bodies can derail the current surge. However, these regulatory bodies are under pressure from investors and competitors to provide clear guidelines and regulations.
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