Yeah, daily 5% and monthly 30% swings sometimes. Its a micro market at 100 billion.
It will be interesting to see if it rebounds or spirals downward at this point.
Libertyx has expanded its network to include 20,000 7-Eleven, CVS, and Rite Aid Pharmacy stores where customers can buy bitcoin with cash. They can also buy bitcoin using debit cards at one of Libertyx's vast network of ATMs, bringing the total of locations to 25,000 across 45 U.S. states.
I would assume so. With FED printing money at record rates, this will only increase the value of cryptocurrency (bitcoin specifically).
I haven't figured out what the end game is though. Will the price skyrocket (in terms of fiat), but then fiat is relatively worthless for purchasing power? So....you wouldn't want to cash out? Or does the price eventually go to zero and bitcoin is used as the new world currency? Or, will it even be used as the new currency, seeing as bitcoin is the antithesis of fiat control (decentralized, backed by math/tech/code, fixed supply, etc).
Total insurrection lol. At least dems learned walls work. Back to Bitcoin.
Stock to flow ratio is still at 100k. Its been accurate so far.
I want a current retrace down to 45k to consolidate weak hands and re-strengthen the bull run.
Expecting the bull run continues and pushes up to 100k by late summer. That would require
another trillion dollars to enter the market. That's my only concern.
Its insane how much liquidity has entered the space, but when every country is mass printing currency
its not much of a choice. I expect gold and silver to boom next. Bitcoin has always been the fastest horse.
Asset prices across board are inflating for monetary policy reasons. Question is when will it pop.
Probably when the printing stops. Tick tock.
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