Bitcoins - digital currency
They are trading at a ridiculous 103,820 dollars USD which is hilarious for a currency that no one uses.
Are u blinded by just a number ?
Do you hold the same principle with gold ?
Market cap bitcoin 2 trillions
Market cap gold 21 trillions
About silver ?
Market cap 1.8 trillions .
I don’t see many people paying with gold or silver coins either…
I know changes is hard and scary .
It’s a joke bruh
Whoosh!
QE (2010’s) results in asset price inflation.
Direct stimulus (post-Covid global response) results in CPI inflation.
You can’t just exclude one half of the equation and say money printing doesn’t impact people in their life. More money chasing the same number of assets, goods and services results in inflation. It’s intuitive and common sense.
COVID was unique though because the number of goods and services went down simultaneous with the monetary inflation due to artificial constraints (lockdowns then subsequent delays getting everything back up to speed, logistical issues etc).
106k
ATH week I think
Yes, time above recent VWAP (since the leg up to $100k+) is bullish.
I’d say there is a good chance this week or week for ATHs.
It will be interesting to see how some of the alts and BTC / crypto related equities perform. COIN got a nice boost from the SnP thing, but neither COIN, MSTR, or MARA are as near to their ATHs as BTC is.
MSTR class action too. Haven't dug in, but probably borderline vexatious.
I wouldn’t say that I dug in, but I did read this summary: https://www.globenewswire.com/news-relea...
Sounds mostly like BS. Doesn’t mean that it won’t stick though.
It will be interesting to see arguments in liue of BTC ATHs too.
Yeah, you don't come within spitting distance of ATHs with this kind of price action and not tag it. Good call House, looks to be sooner rather latter on new highs.
Let’s rip right to 120
110k party
2,000,000,000 in shorts liquidated at 110.
Higher.
I have it at $109,965... Almost.
Now we good.
Just need to add one more zero...
I actually don't see how it gets to 1M at all.
Market cap would have to basically = Gold, which means it's possible but seems insane to 10x from here.
Stop Valuating things in usd...
