1) The rich investors knew the crypto market was going to plunge just before the SEC meeting.
2) They sold off their stocks (down 9% or so since Jan 22) anticipating the crypto plunge
3) They now have funds available in their accounts to play the crypto market.
4) Crypto market will go to astronomical levels it has never seen before, like 100k+ for BTC.
5) Media will talk about it nonstop, and ignorant masses (like I was a month ago) will invest buying at market price
6) This will become the new bubble. Huge one.
7) The intelligent advantaged seasoned rich traders sell off and play/milk the market daytrading (with assistance of bots & computers)
bubble pops
9) Huge transfer of wealth, yet again from the ignorant lower class to richest people. Just like the tech bubble, housing bubble -- now the crypto bubble.
Just a thought anyways
2) They sold off their stocks (down 9% or so since Jan 22) anticipating the crypto plunge
3) They now have funds available in their accounts to play the crypto market.
4) Crypto market will go to astronomical levels it has never seen before, like 100k+ for BTC.
5) Media will talk about it nonstop, and ignorant masses (like I was a month ago) will invest buying at market price
6) This will become the new bubble. Huge one.
7) The intelligent advantaged seasoned rich traders sell off and play/milk the market daytrading (with assistance of bots & computers)
bubble pops9) Huge transfer of wealth, yet again from the ignorant lower class to richest people. Just like the tech bubble, housing bubble -- now the crypto bubble.
Just a thought anyways
I think it will remain theory, because most people on stock market still not adapting to cryptocurrency for one very simple reason and that is there are no formal introduction to them the benefits of BTC on people life's. Many are still laggards to crypto they still awaiting for others to enter first.