We've seen bitcoin trade over 47,000 for the first time since January third, and we're seeing it again today after more than two months. I'd really like to see it break 47,000 before becoming more hyped. It is good to see that the Russian government is waking up to this, and hopefully more countries will begin to understand. It certainly benefits both parties. The country escapes sanctions and we BTC holders get the bullish feeling. The FOMO engine is kicking in. Let's call it extreme greed. It will hit 50k by March's end? Now we have a better chance of getting 50k and then probably 60k.
Wow really,,, I saw the price go around 47500 and the first thought to myself was, ah another monthly attempt to go to 50k is coming, had no idea so "long" a time had already passed, that is almost 3 months. The bulls must be very happy but I hope this is not hype and I really hope it is nothing to do with Russia,,, cause it is not going to be great to get BTC up because some mad man is using it.