Originally Posted by
garrett
I will explain exactly what is going on as far as I can tell, and its indicative by the general change in Wall St. opinion toward Bitcoin actually.
The 'smart' money, or Wall St. money, and Funds are actually starting to buy/aquire Bitcoin. Why, well the General assumtipion is that we have printed so much money, and are about to again here, that we wil have to pay for it one way or another. Which usually comes in high inflation, if not an all out recession. Its coming, and Wall St and the "smart' money are already moving there Assets/Money to more recession or inflation proof areas, which actually Bitcoin seems to be very much that. Bitcoin is thought to be a great hedge against inflation. That is why Wall St is now buying in, to hedge against an expected incoming inflationary period.... People are moving away from the lol "Gold" they historically always loved, and are warming up to this new Assett Class well just call (Crypto). So 100% as we speak just watch how Wall St is acting, and what they are doing and its all indicative of a coming and looming recessionary period, or just raising and high interest rates are coming, Inflation.
Wall St is telling us that story, by their actions actually. This isnt just some opinion I have, no ive formed this opinion and believe it to be fact based on what Wall St. is actually begining to do now. And buying Btc (Price surge) is clearly a part of what's happening right now. Raising price and creating a shortage in supply currently, and a sky rocketing price. And imo this is the new normal price 40k+ and Bitcoin may have just gotten now, to a price point where some people cant participate, or would want to because Bitcoin is getting to a price point now, that literally eliminates some from even being able to use/own it actually. Its getting very very expensive now, very expensive to own Bitcoin.
This is FOMO buying actually, in case you dont know what FOMO is it means "Fear Of Missing Out" and thats why Wall St all of a sudden is crushing the Bitcoin Demand, because they fear they have missed out. Denying Bitcoins viability and usefulness, and now I think even the smartest of smart are taking a different view of Bitcoin now for sure. This is FOMO buying atm, causing this massive rise in price, and it isn't going away. I think Bitcoin is now to a price point for most, its too expensive to own any now for most. Or they wouldn't want to take this risk, in their eyes maybe....