Many of you started following me on Twitter for VeChain updates, so I thought I’d dedicate today’s issue to VET.
More specifically, I want to discuss how low VETUSD can go based on its relationship with Bitcoin.
As I’ve said many times recently, you must plan for every outcome, especially now. One of those scenarios should include a $20,000 Bitcoin. It may sound outrageous to some, but it’s not that far-fetched.
If BTC retests $20,000, where would that put VET? What about a $25,000 BTC?
Those are the questions I’m answering today, along with where I think VETUSD goes in the event we’re dealing with lengthening cycles.
Bitcoin is (Still) King
There’s no denying that the crypto market hinges on Bitcoin.
BTC dominance has trended lower for years, but it’s still the king of crypto and, as such, deserves our attention.
One way to determine where VET and other alts could end up is to look at where they’ve been relative to BTCUSD.
Let’s start with the Bitcoin chart.
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