Equation News founder: Has reduced Bitcoin position by 1/3 near $63,000, expects to buy back at lower price within 1-3 years
- Vida, the founder of Equation News, has reduced his Bitcoin position by one-third near $63,000.
- He believes Bitcoin still has a bull market ahead, but its narrative is overshadowed by AI.
- He expects to buy back his Bitcoin position at a lower price within 1-3 years, estimating a price range of $45,000-$55,000.
- He suggests that the next bull market will depend on issues with US Treasuries or the US dollar, which are unlikely to appear in the short term.
- Global assets are expected to go through a repricing before the next bull market.
On August 14, Vida, the founder of Equation News, announced on his personal channel that he has reduced his Bitcoin position by one-third, selling near the price of $63,000. He expressed that while he believes there is still a bull market ahead for Bitcoin, the current narrative surrounding it has been overshadowed by developments in artificial intelligence.
Vida noted that there is no new narrative for Bitcoin visible in the foreseeable future, particularly in the next 1-2 years. He mentioned that the remaining core narrative for Bitcoin is its role as a substitute for fiat currency and as a hedge against fiat depreciation.
Looking ahead, Vida stated that the next bull market for Bitcoin will likely depend on significant issues arising with US Treasuries or the US dollar. However, he believes that such large-scale problems are unlikely to occur in the short term. Before the next bull market, he anticipates that global assets will go through a process of repricing.
As a result, Vida expects to be able to repurchase his Bitcoin position at a lower price within the next 1-3 years, estimating that the price may drop to between $45,000 and $55,000.
Equation News创始人：在接近63,000美元时减少了三分之一的比特币头寸，预计在1-3年内以更低价格回购
8月14日，Equation News创始人Vida在个人频道上宣布，他在接近63,000美元的价格时减少了三分之一的比特币头寸。他表示，尽管他相信比特币仍然有牛市前景，但当前围绕比特币的叙事已被人工智能的发展所掩盖。
Vida指出，在可预见的未来，特别是在接下来的1-2年内，比特币没有新的叙事可见。他提到，比特币的核心叙事仍然是作为法定货币的替代品以及对法定货币贬值的对冲。
展望未来，Vida表示，比特币的下一个牛市可能会依赖于美国国债或美元出现重大问题。然而，他认为这些大规模问题在短期内不太可能发生。在下一个牛市之前，他预计全球资产将经历重新定价的过程。
因此，Vida预计将在接下来的1-3年内以更低的价格回购比特币头寸，估计价格可能降至45,000至55,000美元之间。