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Do you expect new ATHs this year before the recession's bear market? Or do you think that even with the recession BTC can make new ATHs in 2024-2025 since the FED will have to cut rates and print? So basically just curious if you think we will have 2 legs like in 2019 and then late 2020-2021 or just 1 leg this year and then bear market again because of the recession. Maybe you could talk about your long-term scenario in one post. Many people are expecting ATHs by late 2024-2025 but I have a weird feeling that the top will be this year.

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David, we do expect the blow-off top that leads to new ATHs in 2023 prior to the likely upcoming recession. Once the recession hits we do first expect an important decline in BTC. Whether after the 2023 ATH we get to new ATH in 2024-2025: We're more split on that as a team. Thank you for your personal perspective here.

Overall we are long-term (very) bullish.

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Apr 18, 2023Liked by Swissblock Insights

Thank you so much for your answer. Really appreciate it!

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