RE: IT'S LIKE THIS...8 Jun 2021 11:22
Rafafan, I respectfully disagree. The BTC price has barely started its appreciation run. The Institutions and big money know this and are now in the buying stages having manipulated the price down and forcing weak hands out. Loads of idiot millennial retail 'investors' and day traders got wrecked using high leverage in the pursuit of Lambos and Milles etc. Once the big money has sucked up the final dregs, all those BTC will be bundled into a myriad of investment products and packages (a la the ton of BTC ETFs about to be launched, pending approval - a given, bearing in mind the players involved - Fidelity, JPM, GS etc) and sold on to the mums and dads and pension funds and all manner of other investment vehicles. Aside from a number of other factors, these very forces alone will drive the BTC to the kind of stratospheric predictions that have been bandied around. Think they are scooping up BTC to make a loss? Why are they scrambling and chomping at the bit to open ETFs? Why are they hiring Crypto and Blockchain specialists? Think they are doing all this to fail? Think again. Now then, who should I follow? Weak handed wet lettuces, soiling their kecks and panic selling because of the FUD and temporary price manipulation or Institutions who know they are going to make perhaps one of the biggest killings in financial history? It's the proverbial no brainer. They know BTC and blockchain is here to stay and they want to be on the gravy train because they always do, because they are driven by greed and can't help themselves.