Yes. Bitcoin will jump above $50k.
If AMC with 1 leg in coffin, can invest in a mining company with also 1 leg in The Coffin, yet market rallies more than 40%.
Bitcoin will do the same.
I guess people do maths differently. Some people add like this, (1 leg in coffin) + (1 leg incoffin) = bounce to the moon.
Guess my equation of (1 leg in coffin) + (1 leg in coffin) = Rest In Peace. Doesn't work around here I guess.
Bitcoin is even more mythical.
value of Bitcoin is derived from having fixed quantity in the world?
If so, just get Elon musk to sign on 10000 different sized rocks with a unique signature and make him promise not to use this signature ever again.
There u have it. A new currency that's Unique, limited in quantity and backed by Elon musk himself.
Maybe we should sell this idea to him. [Cool]
Is it true that Bitcoin transactions can't be traced?
maybe u would be interested in this article.
https://www.businessinsider.in/investment/news/bitcoin-does-not-make-payments-anonymous-just-really-hard-to-trace/amp_articleshow/85068905.cms
In addition, the war in ukraine makes it evenworse for Bitcoin. It supports ukraine but it also helps Russia avoids sanction.
If Bitcoin Can allow Russia to avoid sanctions, will the countries imposing sanctions on Russia allow bitcoin's long term survival?
The worth of Bitcoin To me is built on the greater fool theory. Last man take all.
when retail investors play speculation with the whales, be prepared for the flip of the whale's tail.
In conclusion, short term Bitcoin will fly somewhere, anywhere. maybe to the moon with $AMC Entertainment(AMC)$?
Long term, may the last man standing with Bitcoin be blessed with lots of good luck.
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https://www.cnbc.com/2021/08/23/people-are-paying-millions-of-dollars-for-digital-pictures-of-rocks.html
Good stuff!