We all saw it in March everything crashed stocks, bitcoin gold, everything. Some fools think that if the stock market dumps again that Bitcoin will go with it. They are wrong. 2 days ago when Bitcoin broke above $12k, somebody bought 17k BTC off coinbase and moved them into their own wallet. It wasn't Grayscale and it wasn't Microstrategy, it was a different whale. And when bitcoin came back down under $12k yesterday, someone bough another 3k BTC and moved them off the exchange.
The supply accross exchanges found on public wallet trackers is 1,787,873 BTC. At this rate the supply on exchanges will continue to drop and the halvening magic will do the trick it does every 4 years.
This time people will sell their stocks and transfer money to bitcoin exchanges. Stock go down. Bitcoin goes up
Very favorable thoughts for all Bitcoin Holders because this seems to be a promise that in due time Bitcoin will rise while stocks will dump.
But i don't see any good reason why stock investors needs to transfer their money inside crypto when the stock market is doing also great now?
personally it is like someone will say that Bitcoin holder can do the reverse of this that he will sell His Bitcoin just to transfer in stocks?
sorry mate i am a Bitcoin holder but i don't want to be mislead again nor i don't want to expect more than what market can bring me.
if this happens then i will be thankful but for now?I'm ok what the movement of this market is giving me.