It feels very much like March 2017.

#bitcoin sustained a long bear run and ......gradually...... climbed to $1K zone, where it coiled and fucked around for months.

BTC then went to $2K in the blink of an eye. Then .....suddenly........the following 10 months saw a 17 x increase in bitcoin's value against USD.

That monetary energy came from a tiny retail FOMO crowd. This cycle is a different order of magnitude.

Reply to this note

Please Login to reply.

Discussion

Important observation.