Narrative went from bitcoin goes up due to fixed supply to it goes up due to network effect. Grasping at straws for justification.
Are you Pekelo's alt-account? Pek likes to pigeon-hole bitcoin There are many reasons why bitcoin price will keep going up Blackrock has several research papers on why bitcoin will become very valuable in the future, Fidelity has research papers as well, so does Goldman Sachs and a bunch of other reputable wealth management firms Arkk has one that lists several reasons attaching $ values for each sector milestone But you just want to whine and bitch on ET about bitcoin and promote your 2rosy coin, too bad for you, bitcoin price will keep going up,
Blackrock was also big supporter of DEI and how has that turned out? They bought into every stupid shit that came around, including gamestop. Absolute weakness here on Bitcoin. Ethereum bounced, but then bitcoin ruins the party. Looks over. Question of time before Tether gets outlawed and then it's just a race to the bottom, maybe even Trump gets impeached for his little cryptocurrency dealings?
I have always thought that its going to be the governments that provide the biggest reason of all, and the fuel for the omega candles. I don't even want to get into the debate about if the tariffs and actions by Trump are right or wrong, but I think that suggesting tariffs, then backing off, and just now proposing them against every single country who has even a VAT tax on US imports, means that nothing is going to be easy going forward. Then you hear serious suggestions that all the gold needs to be audited. So what you're left with is a world that is truly divided, that is lacking trust, etc. Countries will of course still need to trade with each other, as I don't think any country can really survive on its own without a massive downfall in the standard of living. But the only way to trade, when trust is lacking, is to rely on a system that doesn't require any trust. Gee... wouldn't it be great if a system already existed where one central back doesn't need to trust another one? Or where your country isn't scared that your gold held in another country is safe, and actually there? Or if your reserve assets that someone else is holding won't be confiscated because of a random decision? The case for Bitcoin literally couldn't be stronger right now.
countries won't be FOMOing into bitcoin and pumping your bags. They are launching new memecoins and extracting the capital from this sucker-infested space.