“Bitcoin is correlated with tech stocks” okay bro sure. Maybe in the past when it was more misunderstood. Check the green in a sea of red today. The market ultimately decides. Supply vs demand. Ppl buying vs ppl selling
Discussion
Bitcoin was able to act as a jester, where the legacy powers thought it was not serious, that it was a joke. By the time they figured out that it was an existential threat to their main source of power, money printing, it was too late. They could only delay adoption (i.e. fud, shitcoins), not stop it.
The price is the signal. Plz for the love of God do not be one of those parrots that say price doesn’t matter. It is like nails on a chalkboard, and obviously wrong. The boomers are forced to watch bitcoin pump and banks crash.
If price doesn’t matter, how about I sell you my bitcoin for $1m/btc rn? lol. It’s just insane nonsense
Remember, markets are just many buyers and sellers transacting together. It’s not that complicated. Information travels fast now, the market will digest this information and proceed accordingly. The boomers didn’t in a million years think this was a realistic scenario, but it just played out today. So it’s their call now if they want to keep taking Ls or start pivoting. Either way the answer is still the same, it’s just timing. When will the masses figure it out?
The price signal, more than any book, podcast, or shitpost, is ultimately the most important factor. They can’t argue with it. It sends a message loud and clear through the noise. Bitcoin up, banks down.
Love that it's displayed everywhere now even by the lamestream media.
Price is what gets people over the line to take ACTION.
Most folk continue to ignore btc until it breaks ATH, then FOMO buy the top, inevitable lol