I'm neither a macro nor a charts guy, but how is Bitcoin flat in light of this? $31B is a rounding error?
Discussion
I really think people underestimate how big of an effect that JP Morgan 10x margin requirement on MSTR coupled with that October wick down day had on this market. Really smart people like Luke Gromen rotated into gold because he didn’t have enough conviction. That’s a Bitcoin bull who has been in since 2017. There is absolutely no interest anywhere outside of the fully convicted.
That’s why I say bullish and bearish are fiat terms. It does not represent faith.
Wait till Trump announces the Stable Coin backed by gold & bitcoin.. We're seeing the tearing down of the Private Western Central Bank's corrupt money printing system. Without it, the corruption being uncovered can no longer happen. It's always been about the money and who has control of it. It's been the FED corporation since 1913. We pay interest/taxes in order to use literally every paper dollar in existence. Bitcoin is the individual having control.
Your proposal doesn’t solve the problem.
Local is the path.. Every one of us with a wallet on our phone has to ask every store owner if they're accepting Bitcoin? I haven't had anyone say 'yes' yet. I think people think getting themselves set up to use BTC is so hard and confusing they just haven't cared. Where's the little crib sheet we can hand out to everyone showing step by step, how easy it can be.. 1. Coinbase acct. 2. Put $$ in Coinbase account 3. Buy your first BTC. 4. Learn about cold storage..
I think people are tuning into how it's the Private Western Central Bank that funds all the corruption too. This can also be a help to make business owners take the plunge.
Maybe, once the EU goes full gov't crypto which they're working on feverishly right now, will help people understand how BTC means they're in control of their lives and not the gov't.
Don’t think bitcoin catches up instantly but nostr:nprofile1qqsw4v882mfjhq9u63j08kzyhqzqxqc8tgf740p4nxnk9jdv02u37ncpz4mhxue69uhhyetvv9uju6mpd4czuumfw3jsz9rhwden5te0dehhxarjwdshganp9ehx2aqxvrcaw is the expert here