By the way, bitcoin volatility index is up 3-fold since late June and is highest since April 2023.
https://bitbo.io/volatility/You can see it in the dailies: constantly up and down 1K-2K.
I am not sure what is the cause, but it could be two large and strong groups of investors in loggerheads or something else.
Volatility is expanding on weekly bars and I presume we can break the range held for most of 2024 with those wild swings. The volume is lacking on the last recovery which made this current sell not unexpected.
Slow descent in the highest prices seen each month with each big low observed is
much lower so we are expanding in price volatility and also in a trend downwards though its not currently that aggressive. 200 day simple moving average is still rising, stay positive imo but
there may be trouble ahead.
Trying to shame Elon Musk for saying bad things whilst you work with the regimes in Saudi Arabia and China is even more mental.
The UK is doing nothing against Elon Musk it is words for the press. The esteemed host alumni of 'Meme Review' practically has diplomatic immunity on multiple accounts; if nothing else as head of a giant company the UK government are more likely to drop and kiss his feet as he descends from his private jet.
They cannot afford to hold grudges like that for simple words, if you are peon struck in poverty then your very un PC views might serve a multi year jail sentence but your life is cheap so all of that is a given.
The 10k EV car is impressive but add 25% for taxes in the UK and round it up to £15k for realism, still a good price if the quality is there and when you are sitting on a giant battery it has to actually work properly. [Honda offers to give a new car for 3 years at 10k cost, 18k final]
Most interesting thing I can say about these new fuel sources is the potential for wider energy use based off car to grid, car to home supply. I believe its part of a wider technological development but of course it needs alot more development and infrastructure support plus the actual batteries need to improve, in theory thats all happening.
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