 |
Just snooping and lurking on the web, subs we can find really positive and bullish news about Bitcoin. While banks and countries are in a "printing spree", destroying economy, inflation eating peoples hard earned money (journalist in some EU countries are reporting that poor community is being hit with 40% of inflation due to prices rising etc.). Despite the fact that we may be on the verge of economic crisis on a bigger scale, Bitcoin is holding strong. And just looking and searching the news in the last couple of months really shows good signs that even amateur trader like me can see. -Bitcoin is holding strong and despite crisis, wars, inflation, we can see that the price of BTC almost doubled from the bottom of ~$15k. -The hash rate is near ATH. "Bitcoin transactions have just hit a 5-year high, reaching 16,497.250 transactions. The prior 5-year high was observed on 03 May 2019 with 16,383.893 transaction" -Long-Term Bitcoin Holders Are Profitable for First Time in 11 Months -Bitcoin shrimps accumulated 35k BTC in the last 30 days Mostly good news, it can mean that more people are joining, I don't see a reason why whales would do this. -Taking a look at the price shows almost 80% increase from the beggining of this year -Bitcoin’s fiat value is currently higher than it has been in over 95% of it’s existence So basically while governments and banks are copying what biggest economies are doing, and that is printing more money, creating more inflation, making more people poor, BTC is holding strong and rising. A decade ago for 10,000 BTC you were able to buy pizza, now you would be rich. Couple of decades ago for $1 you were able to buy a burger, now you can't even buy a soda in some places. submitted by /u/middlemangv |
