NGL did not expect Bitcoin to pump after two of its biggest fiat on ramps were kneecapped
Surprising and impressive
Also this is nuts
https://twitter.com/samro/status/1635276243301179392?s=46&t=n7crMAWVvpABU4HOlO19Lg
Discussion
Backstop
Dr Jeff Ross predicted this
Bitcoin rises when banks screw up
No victory laps yet! If they went to war on Bitcoin, this isn't over yet.
Prepare for a long battle. Be humble, but determined.
Fear of banks plus a risk on day based on upswing in odds of a near-er term Fed pivot equals a double pump for BTC and Gold.
The sellers are exhausted
The 2nd Gen on-ramps will be demanded by normies soon bc of all this deposit/bank risk.
The price means very little. One should not be surprised that a mechanical clock chimes 12 twice every 24 hours.
What matters is the level of trust in Bitcoin from the masses. Banks fail, companies fail, you will probably fail. But the reputation of a protocol with ~100% uptime never fails.
Once you understand and accept the 'why' of #Bitcoin, the 'how' becomes irrelevant.