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Yesterday I said I posted two months ago that Bitcoin was nearing the halvening. yesterday it was $57,000. it just hit 61,000

submitted by Crackinjokes to Finance 2 monthsFeb 28, 2024 10:52:47 ago (+9/-0)     (Finance)

This is my post from yesterday and it got the usual number of down votes from a couple of anti Bitcoin extremists that exist on every platform

https://www.voat.xyz/viewpost?postid=65dde4d3793c4


Reminder that in the past it has often gone up 10 times around a havening and this time we have the added pressure of hundreds of millions of new dollars that are easily accessible to bitcoin through the ETFs that were just approved last month. So we now have all the major Financial houses with an easy-to-use Financial instrument for all retirement funds and consumers with regular stock market accounts Etc to invest in Bitcoin without having to learn how to buy on a Bitcoin exchange or use a Bitcoin atm. Quite frankly no one knows what the effect of that additional source of funds will be on the price but I can only believe it's going to be a tremendous new amount of money chasing Bitcoin and we've already seen evidence of that as the ETFs or rapidly buying up the loose Bitcoin that's being laid around and hitting the wall of the limited supply that is provided by the mining efforts every day.


I urge you to look at yesterday's post for links to a lot of graphs and other financial analysis and other background on all this.


19 comments block

Isn't the founder a jew?