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Curious to hear people’s thoughts:

Is this pump more a result of:

Big money re-entering risk assets because of an expectation that rate hikes are going to slow down, or

New entry into Bitcoin, new adoption, as a result of the bank chaos (ie Bitcoin’s actual use case), or

Both?

I think it’s not even a demand driven pump yet - I just think nobody who has Bitcoin is even considering selling it for fiat in a bank right now.

If sellers are exhausted, you don’t need much demand

Just my two sats though, I don’t know shit about fuck

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Both