Bitcoin
Bullish
"I bought a Bitcoin yesterday btw.
Either this cycle is over and I make a lot of money deploying stables a few months from now.
Or the cycle is not over and I make a lot of money with Bitcoin pushing new ATHs while everyone is scared and sidelined"
TokenWorks™
Bearish
"I'm pretty sure that Punk Strategy will die fairly soon.
The model depends on consistently high volume and listed Punks selling at a 1.2x premium so that the funds can be redeployed into $PNKSTR.
Here are the problems I see:
1) The 10% tax is very high and makes trading less attractive (see loud*o). Including 2% that goes to the team.
2) At the current floor price, the 1.2x premium for listing is almost $50,000 USD. Unless the floor price of CryptoPunks rises (significantly) or a whale buys the listing, there is no reason why it would sell. Meaning no buy pressure for $PNKSTR from this side.
So unless a) there is a consistently high volume despite the 10% tax and b) the floor price of CryptoPunk goes up, I don't see much of a future.
The flywheel is interesting, but not strong enough to boost the floor price to an extent where it really takes off"