Quote from: hatshepsut93 on Today at 05:23:46 PM

Elon's FUD would probably discourage quite a lot of companies from publicly owning Bitcoin, as tech companies wouldn't want to be labeled as polluters.

I'd say this is the major short term problem. People who don't understand bitcoin (including Musk, though in his case I think it's more that he bent to the will of the bad press which is written by people who don't understand bitcoin...though also he is so focused on pumping dogecoin and manipulating markets I don't think he really cares one way or the other), are pumping this anti-bitcoin energy FUD. Now, there are PLENTY of rich people and business executives who understand all this energy FUD is nonsense. Many of them probably personally own Bitcoin but haven't bought it through their companies yet. These people won't be turned off and will probably be more likely to buy bitcoin on the cheap the next few months once they feel safe it has bottomed (which it seems to be doing this Spring). But of course the energy FUD will keep people who just don't know the first thing about Bitcoin away from buying in for the first time (both retail and institutional) because they simply don't know any better so they will fall for what they are hearing in the anti-bitcoin media.

In the end, of course the energy FUD will weaken or just become long term noise as all the other rounds of anti-bitcoin FUD have become, and Bitcoin prevail. But it could be a few more months yet before momentum picks up again and we see Bitcoin pushing new ATHs.

Most likely scenario (as I've been saying for months now), is a long term bull market for YEARS rather than a single huge bull run this year - seems pretty obvious now the one year huge bull run to like $200k isn't happening, and I don't see any reason to think a bear market is coming, so my prediction of a long term bull market, a supercycle, seems more likely than ever. Expect gradual growth for years to come without the big crypto winters we're used to. This is just the first cooling off period of the perhaps 5-10 year bull super cycle. Which ain't bad considering bitcoin 6x'd in like 4-5 months. I could see Bitcoin moving to/above $100k this Fall before cooling off again for a bit.