BTC fall down, go BOOM!
Rising interest rates, war, rising energy costs, etc. I think in the long run BTC is poised for greater heights, however, the short term looks risk off. The dollar, despite, the naysayers is still strong. Almost like they are two sides of the same coin. Long story short, I see BTC struggling in the short term and a 3-9 month market washout. Call me crazy but I'm not buying until near 20K, whenever that occurs. BTC acts more like a highly volatile stock on the NASDAQ than a currency. Compare the two charts side by side. You'll see. BTC to 20K - NASDAQ seeking 10K. Peace. Live long and prosper.
P.S. The most recent interview with Michael Saylor takes a deep dive into the way BTC looks to institutions. Look up 120K BTC and Michael Saylor on YouTube.
P.S. The most recent interview with Michael Saylor takes a deep dive into the way BTC looks to institutions. Look up 120K BTC and Michael Saylor on YouTube.
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