bitcoin is literally the most interesting market on the planet.
^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++
Why? What fundamentals have improved recently?
Less new bitcoins to be found every 10 minutes. Like clockwork.
That's not an improvement, it's always been like that.
bitcoin is literally the most interesting market on the planet.
^calm before the storm==bitcoin price is about to explode up north with leaps and bounds you were never expecting!! :-D weeeee++
Why? What fundamentals have improved recently?
The fundamentals of the fiat currencies you measure bitcoin price with are worse than ever. That is why the country that will lose the most urgently needs a war.
If this were true, gold would be surging today.
Bitcoins reduced block reward is an ongoing effect. People imagined a light switch effect on the actual change over but its really taking time as the blocks of course are evenly spaced, a very large amount of bitcoin is traded and velocity is high. That means any effect has a big buffer before it changes the landscape I think.
Gold staying at such a high price consistently is already a reflection of national currencies depreciation I think. A price can be static and be called bullish because the time scale is consistently advancing, a decay on gold would be normal vs currency which actually pays a reasonable return on its holdings.
Almost all western currencies are impaired by debt and rates below inflation
USD BTC price is approaching a previous monthly high with CNY more sedate but also reaching possible resistance with the highs for most of the last month. The reaction here especially is a good gauge for market direction going forward