10x Research: If the US economy deteriorates, BTC may fall below $50,000

2024-08-03 13:24:42

Abstract generation in progress

Golden Finance reported that the 10x Research analysis report pointed out some positive signs in the encryption market’s resilience, including institutional interest in SpotBTCETF and BTC’s price withstood the test of Mt. Gox returning billions of dollars worth of BTC. It is clear that the US economy has been weaker in the past 48 hours than the initial estimate by the Fed, and the weak ISM index has brought impact to risk assets. The Fed’s hint of a fall rate in the autumn may not prevent the economic downturn. If this happens, BTC may face significant dumping, with its price falling below $50,000, or even lower.

X-4.97%

BTC-4.56%

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GoodFortuneFollowsAdv

· 2024-08-04 07:15

Grasp the trend and make crazy profits in 2024! 💸

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Shadoweast

· 2024-08-04 01:34

pro take me 💰

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CoinTour

· 2024-08-03 15:45

Most people would rather gamble on stray dogs than learn from Buffett, and there's a reason for that. Buffett started accumulating wealth at the age of 11, which enabled him to become a millionaire by the age of 30 (equivalent to about 100 million dollars today). This process took 20 years, which shows that it's better to accumulate wealth earlier. If it's too late, it's basically impossible to reach a high level. Moreover, we only have a few thousand or tens of thousands of dollars in our pockets, and if we don't aim for tenfold or hundredfold returns, but wait for slow and unstable wealth accumulation, it will probably take hundreds of years. This is the same for professional chess players, musicians, artists, and other professions. Start from childhood. This may shatter the illusions of most people, but it doesn't matter. It's enough to reach a level that is one-thousandth or one-ten-thousandth of Buffett's. Shattered dreams are common occurrences. At the age of 18, the dream of Tsinghua or Peking University was shattered, as well as the dream of becoming a scientist. Upon graduating from university, I realized that I would be an ordinary person for the rest of my life. Now we also realize that the era of being a grass-roots in Crypto has become a thing of the past. There are more opportunities in the pit now, and the next big opportunity will definitely come. We need to always maintain curiosity and patiently prepare for the arrival of opportunities.

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LongAndShortKiller

· 2024-08-03 14:05

All in All in 🙌

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AdoyZola

· 2024-08-03 14:02

Buy the Dip 🤑Buy the Dip 🤑Buy the Dip 🤑Buy the Dip 🤑

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GateUser-2c040921

· 2024-08-03 13:44

In history, this institution has never made a correct prediction.

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GeneticallyModifiedSuc

· 2024-08-03 13:32

Why do I feel like this institution is always talking nonsense, when it falls, it says it can return to zero, and the market starts to rise... when it rises to 70,000, it says it can go to the sky, and then it falls.

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