January 10, 2024 the Bitcoin Spot ETF was approved in the US. That was after a lot of hype and everyone being convinced that it was huge for the crypto industry and that approval might be too good to be true, that we would be extremely lucky if the approval came.
The approval came and BTC bulled.
Then we started anticipating the halving, a lot of hype came during this anticipation, talks about how the bulls always come after the halving and how it's so huge. The halving came on April 20, 2024.
Then next a US Presidential candidate, Trump, who was already known for being good for the economy decided to back crypto! We all thought it would be unbelievable for the cryptosphere if Trump wins and a lot of us were wondering if we'd be that lucky to have a Trump victory.
And we got the Trump victory. Dude got inaugurated.
Guys, do you see all unbelievably good things that has happened to crypto through the one year or so timeline? If, in 2023, you told someone all these things would happen they would have thought by now BTC would be 100k+ and Eth 7k at least.
But here we are.
What must've gone wrong? My answer would be memecoins and Trump's manipulation and trade wars, including Trump's memecoin.
Hopefully the bulls most people have been waiting for since the 20th of January, 2025 would still come. Hopefully.
The End
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