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.
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
5 Year – DJI vs BTC vs ETH by TechnicallySaved on TradingView.com