I read an article this morning by "Investing Channel" a boutique alternatives investing group that peddles mostly ZeroHedge-esq supported equities and assets, think gold, silver, bitcoin etc, and they seem very confident that the bitcoin "bubble" has "burst".
Firstly one should ask what is a bubble? Everything...if you don't want to have a mental breakdown today I really implore you to not google image search "world population graph 5000 years" and definitely DO NOT look at this https://ourworldindata.org/world-population-growth
Anyway lets not get existential, what I want to propose is that bitcoin is in a multi-year channel and for the last 4 months it's been absolutely ramming that trend line, which is going to go 1 of 2 ways; its going to break out of that trend or get rejected.
And this has honestly never really happened before; at least not at these volumes and for this duration, but the reason this is happening is because there is just truly so much demand now, no matter how hard prices are attempted to be suppressed they continue to rise; and who's surprised here?
I doubt Tesla is...Mastercard, Visa, Paypal... or even China, they all saw this coming and they are all working towards this financial technological revolution we are currently witnessing.
I'm All In
Target 200,000+
Firstly one should ask what is a bubble? Everything...if you don't want to have a mental breakdown today I really implore you to not google image search "world population graph 5000 years" and definitely DO NOT look at this https://ourworldindata.org/world-population-growth
Anyway lets not get existential, what I want to propose is that bitcoin is in a multi-year channel and for the last 4 months it's been absolutely ramming that trend line, which is going to go 1 of 2 ways; its going to break out of that trend or get rejected.
And this has honestly never really happened before; at least not at these volumes and for this duration, but the reason this is happening is because there is just truly so much demand now, no matter how hard prices are attempted to be suppressed they continue to rise; and who's surprised here?
I doubt Tesla is...Mastercard, Visa, Paypal... or even China, they all saw this coming and they are all working towards this financial technological revolution we are currently witnessing.
I'm All In
Target 200,000+