Analysts and media pundits will be talking about why #Bitcoin is going up and try to ascribe a particular reason. There is no reason other than #Bitcoin is Bitcoin. It’s designed to assimilate all monetary value in the world.
Discussion
"A black hole is a place in space where gravity pulls so much that even light can not get out"
Bitcoin is a black hole.
And all people
Institution bottom fomo developing..
BTC price change vs Wishire5000 Index change
Correlation coefficient for previous 100 days.
negative
30 day volatility is very low and the 7 month trend is up.
That means quants will start liking idea of high and positive sharpe ratio over past 2 months months.
The momentum will build for awhile
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sammy i'm a lookin for a job for SV residency, can ya help brah? hook me up wid companies brah in SV
It's laughable.
These "explanations" are why I started referring to them as Bloomturd.
Still working on a name for the idiots at Forbes.
Fed even wrote a paper about it 🤣
https://www.newyorkfed.org/medialibrary/media/research/staff_reports/sr1052.pdf
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