Stocks bleeding towards BTC?...better do not FOMO

in HODLlast month

What an incredible day for BITCOIN!!!
Total Crypto Market cap breaking the 400 bln USD resistance! At the beginning of the day I was afraid about another Squeezing day for the ALTCOINS were just happening.
But, fortunately I was wrong because major altcoins as ETH are following the same "trail" as the King which means that Outer Money is incoming in the market.

Besides that, what is even more interesting, because we are not very used to seeing lately, is the fact that all this upward price action is happening while Stocks seem to be doing just the opposite.

image.png

All this is happening just after JP MORGAN said this:

Bitcoin Going Head-to-Head With Gold, BTC Price Will Double or Triple if ‘Modest Crowding Out’ Occurs

and also this:

“The potential long-term upside for bitcoin is considerable as it competes more intensely with gold as an ‘alternative’ currency we believe, given that millenials would become over time a more important component of investors’ universe.”

I don't know what to think about those statements, it is weird to read them while last time JP MORGAN CEO said something about BITCOIN was in the opposite direction on 2017:

“It’s worse than tulip bulbs. It won’t end well. Someone is going to get killed,” Dimon said.

What happened just afterwards was the last major pump of BITCOIN...

Maybe is too soon to get FOMO.

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


banner.gif

Sort:  

Maybe there will be another major pump

For sure!

It doesn't that matter what they say in the media, but what they do, and in my opinion the oligarchs have been accumulating for years preparing for the biggest bull market for BTC in its history.

Maybe you are right this time ;-)

Posted Using LeoFinance Beta

We'll see. It's just assumptions for now.

Posted Using LeoFinance Beta

I wouldn't be surprised at all.

I woke up not long ago and saw the BTC price up from before bed.
Got me excited due to how much it has been sitting $11k+ USD these few months for the majority, with a couple of rises.
Might be looking at a quick pump before some sell off for extra Christmas money.
Early next year could be a big drive up toward $20k but we will only know when it gets closer!

Posted Using LeoFinance Beta

@tipu curate

Crypto is King!

Posted Using LeoFinance Beta