/biz/ - Business & Finance

The current bullrun is not an actual bullrun, during bullruns like the previous ones we saw BTC loses it's dominance and grip, it goes up maybe 6-7 times while alts go up by 10-12x
Do you know why this isn't the case now? because this isn't a bullrun, the fall of SVB has caused a mass of boomers and newbies to swarm into crypto and gold looking for alternatives to keep their savings, and since these people are completely new, they only buy BTC, when this hype ends Bitcoin will either dump down again (double so i feds give us another rate hike) or they will start to adjust to crypto environment a bit more and transfer their BTC into alts, at which point alts will pump massively and we will have an actual bullrun

We will totally see BTC a 30k if tomorrow goes as planned, but we have to ask yoursel this
1If BTC hits 30k, will that means that those boomers will now move on to alts and as such pump their prices
OR
2.when it hits 30k, those same newfags will now think that Bitcoin is some magic money machine and will innevitably pump it's price even higher possibly to 40-45k before summer

INB4: muh technical analysys fags can shut up, there has been black swan after black swan, your fuckin lines and numbers can lick my balls and ass