In recent weeks, we’ve been discussing the potential upside in the altcoins if Bitcoin gets back into the 60,000’s.
We’re talking doubles and triples, at least…
But as always, we need to remain objective in our approach and look for cracks in our thesis.
It’s one of many reasons why we always play devil’s advocate; that is, collating a list of data points that go against our thesis and would subsequently make us change our perspective.
Let’s not forget, flipping our approach as new evidence comes in is not only an advantage, but in public markets, it’s a necessity.
So with that said, what if this isn’t as clean a breakout as we initially intended?