Bitcoin is inflating 25K bitcoins a month. About $2.5B per month at current prices. So $30B annually. Bitcoin takes the cake for the dumbest thing in the world The most expensive random number generator in the world. The idea and story is good (which is why it's selling so well), but the tech and execution is ass (what nobody has a clue about). While i do think cryptocurrencies have some potential, Bitcoin is just 99% bullshit / memecoin. It will burn in hell and all the hodlers with it (once Tether fraud goes bust).
there's a bunch of resting sell orders just above 100K on the exchanges. coinbase order book looks like there's no bid depth. sol and eth up 9% today
Given the high trading volume of mstr the past few days, the "suspicion" is mstr ATM selling... mstr might be getting ready to smash-buy and provide support from all the expected selling after bitcoin crosses $100k mstr might make another surprise announcement >$5B bitcoin purchase Monday or Tuesday nfa
Ouch! Why is this detaching from Bitcoin? Dilution from converting bonds? Did some convertible bonds just mature? What's the damage to your position @johnarb? Screenshot.
Oh so perma bulls went pretty quiet here compared to before when I called 79k before 100K. MSTR tanked but Bitcoin still holding...will have to see what the weekend brings.