Bitcoin sign's. Going up and up. Fed's influence?
Chinese influence. and Policy used to drive the price PPC.
Bitcoin getting caught up insnared in some of these economic situations. Moved by the Fed's tough talk on interest rates. Hedge funds, family money coming into bitcoin. The trading bias. When goes up must sell assets so the price goes down. Is this right? Right now yet. Bullying the marked around. Right for ever no this asset will change overtime. Thier in the drivers seat right now. Day traders of bitcoin, this will matter to them. To hodler invests no this does not matter. The next cycle with override this. Matters now like the PBOC. Used to matter what miners said. Far less influential now that 5 years ago. Same with hedge funds and fast money players. Volatile and liquid asset is bitcoin. Whats great is they provide liquidity. Cause volatility but does not scare me as this is the nature of this asset. Is a good thing. To pay for these higher prices. Why is it able to still drop 60%. Miners hold 88% of their bitcoin. Miner's don't sell bitcoin. Why still volitive. Tradable float is still small. on exchanges, held by big money players, they will start dumping the coins. Been on this marked for a long time. Walk your bid back. Sell low. Smart buyers. Bitcoin doesn't need anyone to support it and baby sit it. A lot of new money and fast money. Sell's money that is ridiculous. Now trading at $44,000 dollar bitcoin. Holding on to 88% of their bitcoin. New demand comes into bitcoin. Swamping panicked sell offs. Massive organic demand. Correlation to bitcoin to traditional risk assets. The big driver. Bitcoin rewards.
Bitcoin adoption. The incentives. Driven by maths and incentives. Follow the money. Reward credit cards. 1 and a half percent in cash. assets you get back declines inherently in cash due to inflations. Get flights. Acting as a central bank. 40 thousand instead of 30 thousand. The value of the points go up? With bitcoin they can. An Asset of consistently goes up in value, just not uniformly. Can go down real low.
Domination of the rewards credit space. Creating a measure of demand beyond any other. Am I right on this. Will see.
Mind boggling how much demand on just credit cards
Then also the investment. 10% of my earning's into bitcoin of people with significant monthly incomes.
Scenarios. Bitcoin up 100x. Fruition of these ideas will come eventually.
Greed. Binance makes billions of dollars in trades and they want a piece of it. Their want money and lots of it. They can offer to clients at outrageous fee's. Bid and offer's. Billions of dollars in fee's by offering these products to their customers.
credit cards are coming. So is the adoption.
Peace, love and joy.
Nameste.
