Quote from: Samlucky O on Today at 04:48:45 AM

Quote from: Oshosondy on October 19, 2024, 12:05:30 PM

I read it on news that as the price of bitcoin is getting closer to $70000, that new and old whales wallets are accumulating bitcoin at a speed which resembles July 2020 to January 2021 when bitcoin increased by 550%.

That's actually true, although this thread was created when bitcoin was getting close to $70k but as we can see now bitcoin is above $100k staggering around $100k -$103k. We can see the sudden price push from $69k to $100k during Trump win, this shows a sign that bitcoin is emulating the speed of 2020 to 2021 as you said. Even though it didn't grow as it was back in the 2020, but it is doing pretty well compared to early part of the Year. Let hope for a super bull this time.

Pope certainly understands the history of the pattern that will occur at the price of Bitcoin in every Bitcoin Halving occurs, although the pattern is not the same as 2020 to 2021 but of course the increase in bitcoin will definitely occur. The Pope understands that, especially now is when Bull Run after Halving Bitcoin occurs and Trump's victory is also a factor of an increase that occurs so fast towards Bitcoin now has reached the price of the History. We can say the increase in bitcoin this year is truly extraordinary, and this new ETF option feels like changing games for retail investors including whales. With traditional markets that are still shaky, Bitcoin can also offer a unique value hedge during an uncertain economy in the world. So it can be sure the price of Bitcoin will continue to strengthen in the future until the inauguration of Trump as president later, and the Pope will definitely continue to buy Bitcoin because they know the right time.