Bitcoin Crash? Just yesterday I had an interesting conversation with a friend. Who admitted to knowing nothing about Bitcoin but had read “somewhere” that Bitcoin was crashing.
Just for fun I posted the EURUSD chart. That’s not Bitcoins thats the EURO the Bitcoin chart looks much nicer. But I don’t hear anyone crying and telling us the Euro is dead. Why? Because of who is control of it.
You can see Bitcoin has had a pretty interesting correction but is showing signs of beginning another climb. Remembering the dollar is still strong so Bitcoin has not doing to badly. In fact it’s not really fallen too close to the 200ma. Unlike the EURO which has pretty much left the building.
Banks love a good Bitcoin Crash.
The main perpetrators of hatred towards bitcoin is often Banks or institutions that feel threatened by a currency they have hardly any control over. So even after all this time they are still trying to frustrate this incredible piece of technology.
It’s time that institutions and governments finally realised that they are much better off embracing crypto and all it can do for them instead of fighting something that will, eventually, conquer the world (if it hasn’t done already).
A lot of my friends who listened to me years ago and put a small amount into crypto have been reaping the rewards. Let me tell you that crypto is here to stay.
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