Bitcoin "Freefall"

At this point, 30K may be a foregone conclusion.

 

More like foregone opinion.

 

Below 40,000 today.

 

I actually think Bitcoin and cryptos pump up soon. Bitcoin is holding strong even with the Nasdaq selloff and the 10yr move

 

Sussex University finance professor Carol Alexander has a 2022 price prediction of $10,000. This prediction would represent a massive 76% decline. Alexander warns enthusiasts of the crypto’s 2018 crash and believes the same could happen this year. The professor also says Bitcoin “has no fundamental value.” Instead, Alexander recommends investors look into cryptocurrencies with actual utility, such as Solana (CCC:SOL-USD) or Cardano (CCC:ADA-USD).

Let's review past predictions:
https://www.longhash.com/en/news/3422/How-Accurate-Were-Bitcoin-Price-Predictions-About-2020?

 

I love that, foregone opinion lol

 

This is what crypto fans see:


And this is the reality:

 

Gotta be honest, some of the crypto reminds me of beenie babies and that stuff.

 

I better post this before my prediction becomes incorrect

 

There must be something valid in the theory and practice of Bitcoin as an alternative to western currencies. If not, the Fed would be in NO REAL RUSH to push through a digital USD Currency. But yet, the Fed is pushing it through very hard and quickly. I think the Fed knows very well that most of the recent volatility (since 2017 at least) has been created by itself and major wall street firms in an attempt to crush its stability

https://www.ft.com/content/df3ef633-d514-4f9f-8e96-b345a22b0630

This is the third article I've seen in the last four days.