Explain please. I think it’s institutional buying front running ETF’s though.
Discussion
If it’s not institutions, which it definitely could be, then this is just the same old story of people ape’ing in thinking we’re about to go to the moon. And when it’s just people buying in like that, they eventually run out of money, the price stops rising, and then we level out for a while, as has happened in the past.
If it is the institutions, then who knows where we can go and when it’ll stop.
Either way though in both scenarios, either institutions or individuals, I still see us going much higher within the next year. The scenarios just determine how fast we go up. I’m just leaning towards the individual FOMO scenario because we’ve seen it before.
Nah, not institutions or even normies yet. Just crypto bros fleeing shitcoins and FOMOing into bitcoin on the ETF news and maxis smash buying while they can before all the coins are gone.
Yeah when I said “people” and “individuals” I meant crypto bros and degenerate traders. The people who have been around and caused FOMO rallies like this before.