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Thursday, September 24, 2020

Bitcoin- No clear answers yet

Bitcoin- No clear answers yet

BTC/USD COINBASE:BTCUSD

Oh, bitcoin , bitcoin . Some day, someone is going to have to explain to me the merits of a $100,000, let alone $1 Million dollar bitcoin . What do you want to show me, a stock to flow model? You want to explain the halving? Maybe it's the ever growing interest of institutional investors. I mean you got Paul Tudor Jones for christ sake!

I get it, we all get it. And maybe I will be the one of those few people that know quite a bit about crypto, have been in crypto for 4+ years, have bought and sold their crypto (mostly at a loss).. and most importantly will be caught empty handed whenever this landmark of a run-up should happen.

In the meantime, Bitcoin needs to hold onto this Daily/Weekly trend line so that the cryptomaniacs may get their million dollar price tag, sooner rather than later ;)



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