JUST IN: Eric Trump says Bitcoin is the greatest store of value in the world and everybody wants it: sovereign wealth funds and the wealthiest people. H/t: @GrantCardone
JUST IN: During the last few weeks, the number of Bitcoin wallets holding <0.1 BTC went down while the number of whales holding >1,000 BTC went up. Weak hands are selling, strong hands are buying. H/t: @TFTC21
JUST IN: During the last few weeks, the number of Bitcoin wallets holding <0.1 BTC went down while the number of whales holding >1,000 BTC went up. Weak hands are selling, strong hands are buying. H/t: @TFTC21
JUST IN: Tom Lee says it is “very likely” Bitcoin will be above $100,000 before year end and he believes a new all time high is possible in the next month.
If you want people to take you seriously you can’t make outrageous claims on the internet saying “Bitcoin is going to $200,000” — you have to say something more realistic like “Bitcoin is going to $10 million dollars.”
“So you bought Bitcoin at $126,000 because some people online said it was going to a million.” “Yes, Dave.” “Then you sold it at $80,000 because some other people told you it was going to zero.” “Yes, Dave.” “And, you just bought back in at $90,000.” “That is correct, Dave.”
At some point in the last 24 months JP Morgan realized they were incredibly short Bitcoin. Now they are trying to make up for lost time. The problem is it doesn’t work that way, you just can’t print more. Inelastic supply dynamics. Your movie Jamie.