The global central banks will always bail out the economy or the tbtf entities as all they have to do is turn on the money printers Which has hurt the bottom half Bitcoin has the potential to be the savings account for 7 billion people that do not have access to banking Bitcoin is also growing in adoption as corporate treasury asset Blackrock is selling bitcoin as an allocation to their uhnw clients, and even buying bitcoin for Blackrock's own treasury asset, so is Goldman Sachs Bitcoin is a safe haven asset, the world has not figured it out, yet, and bitcoin is also an investment asset that benefits from when the economy is doing very well, unlike gold that only thrives during crises or a complete collapse
We have to go above $93k/btc and stay there otherwise, it's straight down to $69k/btc w x y, x needs to be eliminated I'm going to be happy once btc is above $100k/btc
Are my eyes deceiving me????? I just sold my 100 Sep19 call @ 1.25 for 2.70 I don't want to risk this reversing down again an meandering for the next 3 months. This could run from here or extend to the .618 first, but I needed to free up some cash...I am still long btc via etfs.