Business cycle reached double bottom, it aligns perfecly with the coming clarity act and crypto bill that will lead to a monstrous Bitcoin pump.
Thanks for that, or we would now be faced with CB octuplets!
"a monstrous Bitcoin pump" sounds nice. Let's hope we see it soon.
I am not convinced that either the clarity act or the crypto bill is bullish for bitcoin, even though I had heard about some bullish provisions, yet maybe the extent to which it might be bullish may depend what ends up being in the final version.. and perhaps I would be more optimistic if the Samurai developers would get released and such bill provisions would end up making clear that they should not have had served any time for their development of bitcoin privacy tools that end up being used in self-custody situations and they were not taking possession of the funds that were being made private through such tools.. and I just have difficulties seeing how legislation (at this time) is going to assure various ways in which individuals can protect themselves from burdensome monitoring and control.. that also comes through such wide-spread emphasis on KYC and coin tracing.. but yeah, there might ways to positively interpret some of the legislation if it ends up passing.
I do like number go up, even though I would be worried if number were to go up based on just temporary exuberance.. yet if there were temporary exuberance, then sometimes the temporary exuberance can evolve into more meaningful exuberance.. .. and I am still thinking that if the BTC price were to stay above $100k for a week or so, then that might be enough to have a good amount of confidence to proclaim that the bottom of our current correction "is in."
Another juicy $42 billion Bitcoin buy-in incoming
xThose numbers are getting Bigger and BIGger and BIGGER. I hope that they are real BTC at least for MSTR rather than paper ones.
Of course, since Saylor has been ongingly failing/refusing to provide proof of reserves to the public (and likely not to his shareholders, either), we have to go on faith that Saylor/MSTR is actually performing a sufficiently high enough due diligence to confirm that at least an overwhelming majority of their custodied coins are not being rehypothicated. Once the coins are rehypothicated (or allowed to be rehypothicated), then that remains a slippery slope that likely leads to degenerate gambling by the various third-party intermediaries engaged in such conduct.. We have seen it several times, including but not limited to what many yield-offering companies were doing around the 2022/2023 cascading crashenings (including but not limited to Terra/Luna, Celsius, Voyager, 3AC, BlockFi, Genesis, FTX/Alameda).
But that is not in the plan to happen...
I will invest all my life savings into lottery tickets. It is not my plan to not win this lottery?
Things that are not part of plans happen all the time!
hahahahaha
Good point about not planning to happen.
Remember 2022/2023 in bitcoinlandia.
I am sure that was not planned to happen, which is part of the reason that so many folks got quite recked in such not happening expectation that ended up happening to happen.
I don't understand well enough regarding what he is proposing to be possible versus his just talking about what could be done and then his own credits could end up getting traded on various platforms, such as Solana and the various other shitcoin platforms that he mentioned. Call me dumb, if you must.
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