The race among countries to create a $BTC reserve is on.
El Salvador is leading, followed by the USA, Brazil, and Switzerland.
What's boring with crypto market is that even with David Sacks saying they're evaluating Bitcoin Reserve, the market still tank, it would have been different if Gary Gensler said it I guess before. I think the market just relying on what is Trump gonna say like it would have been come from his fucking mouth first rather than his crypto czar. Anyways, I think it will happen but this SBR thing with USA will be slower than much anticipated.
Why would someone rely on what T. says or does?
I guess people wanted US to buy their bag for BSR-is this what it is about?
I am hearing "institutions are coming" AT LEAST since 2017.
So far the "INSTITUTIONS" have been mostly MSaylor, a bit of Tesla and a bunch of minnows-like companies.
I agree that there should not be any kind of overreliance on anything that Trump says, even though he does sometimes want to create impressions that he is sympathetic to aspects related to bitcoin (crypto)..
Regarding institutions and governments, I think that more and more of them are coming to bitcoin, whether you see the writing on the wall or not, and that ends up being BIG players buying and retail (normies) getting deceived into thinking that they are too late, the BTC price is too high, what is the difference between bitcoin and crypto and dumb shit like that.
Institutions and governments are surely not all here, but there are a lot more of those kinds of folks coming and coming and coming, and just a year or two we would have not imagined how much some of them are paying to bitcoin in recent times.. which has to be continuing to put UPpity pressures on price, whether we want them pumping our bags or not, the UPpity pressures must be there, inspite of your seemingly negative Nancy sentiments.
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I don't know..Saylor seems to be buying the "top" all the time.
Nobody seems to "create" any discounts for his outlandishly large buys.
Saylor does not care about the price. It seems that he mostly just wants the BTC price to go up.
Saylor is also not manipulating the price.
He is not buying in one format (OTC) and then turning around and selling on exchanges as the manipulators are doing as what Jimbo and OOM seem to have had been talking about.
Don't get me wrong. I am not opposed to the idea of manipulation theories being correct, yet I do believe that there is ONLY so much manipulation that they are able to do before the BTC price does what it is going to do anyhow, which is go up, as many of us likely realize (whether we want it to go up or not, that is where it is heading.. there is ONLY so much BTC that they can play with, even if some of the manipulators (especially the experienced ones) are playing fractionalized reserve games with some of the BTC).