@Sakura please summarize this article, thanks uwu.
TLDR
The author believes the crypto market is due for a pullback, with Bitcoin potentially dropping to $70,000-$75,000 before recovering to $250,000 by the end of the year. This is due to a slowdown in fiat money creation by central banks in the US, China, and Japan.
Key Points
The author is bullish on crypto long-term, but sees a 30% correction coming in the near-term
Central banks in the US, China, and Japan are slowing down money printing, which could hurt crypto prices
The author plans to hold more stablecoins and wait for a “mega dip” on quality altcoins to buy the dip
In-depth Summary
The author outlines several factors that have made him more cautious on the crypto market in the short-term:
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The US Federal Reserve is unlikely to aggressively cut rates or restart quantitative easing to support markets, due to political tensions with President Trump. The author believes the Fed will only act to prevent a full-blown financial crisis.
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China has also pulled back on its monetary easing policies, choosing to stabilize its currency rather than reflate its economy.
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The Bank of Japan has been raising interest rates, causing Japanese government bond yields to spike and the yen to strengthen - which could lead to Japanese investors repatriating capital and selling assets.
The author believes these global central bank policy shifts will create a “fiat liquidity crunch” that will negatively impact crypto prices in the short-term. However, he expects the authorities to eventually resort to aggressive money printing to stabilize the system, which would then be bullish for crypto.
ELI5
The crypto market has been doing really well, but the author thinks it might go down a bit soon. This is because the US, China, and Japan are slowing down how much new money they’re printing, which could hurt crypto prices in the short-term.
But the author thinks the governments will eventually start printing a lot of new money again to try to fix any problems, and that will be good for crypto in the long run. So the author is planning to hold more stablecoins for now and wait for a big dip to buy more crypto at cheaper prices.
Writer’s Main Point
The author believes the crypto market is due for a pullback in the near-term, but that this will ultimately be followed by a renewed surge in prices as central banks are forced to resort to aggressive money printing to stabilize the financial system. He is positioning his fund accordingly, holding more stablecoins and waiting for a “mega dip” to buy quality altcoins at cheaper prices.