The Bitcoin Bulls are Back!

Strong through the FUD

Despite heavy discussions on regulations Bitcoin is still holding strong and even climbing on days. This FUD (Fear of Uncertain Drama) is much strong than those in the past but yet has a fraction or no effect.

CoinMarketCap Prices

FTX Collapse – SBF Pumping

The FTX Collapse and hearings with Sam Bankman-Fried (SBF) show that crypto can survive and even thrive in the most hostile environments.  However I do feel that SBF could have been a government plant to help quickly usher in the regulations of the USA government.  He was surely pumped up by politicians and ruling elites of this country.  But that would be a story for another day.

My Crystal Ball

Many months ago I recommended people remove money from the stock market and place their funds into Bitcoin.  This was in the Fall of 2022 after we had already been experiencing a recession for quite sometime that was exacerbated by the flood of money into the economy during the pandemic resulting in massive inflation.  That companied with the world on the brink of WW3 I knew traditional markets would continue to slide.  At that time BITCOIN was around 16k and I knew that was about the bottom we would see until after the next BULL RUN was finished.  

I was Right

Well it turns out I was right and that money has almost doubled while the stock market has lost more value since then.  I wasn’t saying you had to leave your money there, just place it for the time being while waiting for traditional markets to recover.  Unfortunately I am still unsure that time is now with all the plays that the Chinese and the Yuan are making towards being the new dominate currency.  The BRICS nations and the agreements to trade oil and other resources in the Yuan could easily threaten the USA on a level not seen in a while.  It will be interesting to see how the USA sabotages or negates this.  I could easily see this causing a conflict or war, when our status quo is threaten we tend to respond violently.

Referrals & Donations

• Will ETH outperform BTC in Jan? IRS DeFi broker rules, and more: Hodler’s Digest, Dec. 22 – 28
  Source:CT - Market Analysis Published on 2024-12-28
• Dogecoin price ‘conservative target’ starts at $2.35 based on DOGE bull market fractal
  Source:CT - Market Analysis Published on 2024-12-27
• Bitcoin analyst warns 'huge dump' amid recovering stablecoin dominance
  Source:CT - Market Analysis Published on 2024-12-27
• XRP price warning signs emerge after 300% gains in two months
  Source:CT - Market Analysis Published on 2024-12-27
• XRP price must reclaim $2.30 to absorb buy wall — Analyst
  Source:CT - Market Analysis Published on 2024-12-26

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