Why are you guys saying its a trap pump? If anything this seems like insiders buying in after hearing some good news which is yet to be revealed.
The news has already been revealed. Inflation slowing down. Stock market is up. Bitcoin is up. Sadly not decoupled from that shit yet. There is no magic here.
It won't decouple until 2030 or later. It needs to be a lot bigger than 5 trillion which would mean 13 fold the current price.
It is simple enough.
fall 2021 I bonds = over 7%
spring 2022 I bonds = over 9%
fall 2022 I bonds = close to 6.89%
These numbers hurt all crypto bigly.
in 2021 over 3.3 trill in I bonds could be purchased
in 2022 over 3.3 trill in I bonds could be purchased
in 2023 over 3.3 trill in I bonds can be purchased
with proper managing you could be getting rates in the 6.89 to 9.62%. for Nov 2021 until Nov 2023
this is a huge drag on all crypto.
including BTC