Seems to be capitulation, everyone is bearish
This is a basic chart, but it is clear to see we are at the bottom of the regression channel. Bitcoin moves within 3 standard deviations, most equities and the scam known as Tesla is actually higher. Path of least resistance is up, despite all of the panic and obituaries for Kingcoin and the rest of the cryptos.
Here is a simple exercise that most have probably not done. Go look at daily transaction value for Bitcoin and Ethereum. Then consider that global GDP is about 80 trillion. Then explain to me how the top two cryptos can have such high volume if there aren't sovereigns using it to settle trade.
Here is a simple exercise that most have probably not done. Go look at daily transaction value for Bitcoin and Ethereum. Then consider that global GDP is about 80 trillion. Then explain to me how the top two cryptos can have such high volume if there aren't sovereigns using it to settle trade.
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