Ansem says he’s still bearish as f*ck
“I think we’re pretty f*cked bro…. Crypto has been in a downtrend obviously for a while compared to other risk assets. This recent Q3 we had a pretty good pump across the board with onchain, PUMP, ZCash, Hyperliquid and even majors did pretty well”
“But, like I said last week, if equities are entering a prolonged downtrend then it’s going to be tough for a riskier asset class to do well. Obviously there will be outliers, I think ZCash has the strongest opportunity to be an outlier because it’s not determined on trading activity or revenue, it’s just the hardest form of money and privacy. It really just had qualities that no other asset has”
“If this pump in Q3 was counter trend to the ongoing downtrend then that’s obviously not great because we could make a lower low across the board for coins. I am going to be bidding the most recent summer lows on stuff that I want to bid and if those give out then I’m probably going to be chilling for a while”