Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
explorer
on 28/08/2020, 00:58:02 UTC

...
Yes, the masses of money that were printed are impressive, but, paradoxically, this does not prove that this money "has" to go into bitcoin and in fact, most of it went into 5 top stocks plus Tesla instead. Markets are very complex. Like today, inflation was unleashed, but gold and btc said... "meh" collectively. I guess, because it was all pre-announced.

Yet the 'money' going IN to these stocks is not vaporizing.  Most likely it is simply transitioning to a more undervalued asset class.  Like, perhaps, crypto. 

We'll be riding the waves for however long, but I can't in any case see it dragging 10 years.  The financial implosion is well underway. Simply holding with inflation should deliver large $ gains.