After that nasty sell-off two-weeks ago Bitcoin has held 200W MA and is back on solid ground.
Today, March 23rd, The Federal Reserve has stated that they will push for "QE Infinity", which means print USD by the trillions until they feel like stopping. This is exactly what Bitcoin was created for. The purpose of Bitcoin is to hedge against unlimited Central Bank money printing and hyper-inflation. That, and to give us an alternative to Central Bank fiat.
All technicals aside, since the big sell-off Bitcoin has performed better than every other asset class. Gold, silver, oil, stocks, t-bills, etc. It couldn't be more obvious.
I'm long, AF. Especially given the past two weeks and the turmoil we're going to be going through here in the near-future.
We will know soon enough if Bitcoin is for real, or if it was all a scam.
As of right now it's looking like the real deal.....
Today, March 23rd, The Federal Reserve has stated that they will push for "QE Infinity", which means print USD by the trillions until they feel like stopping. This is exactly what Bitcoin was created for. The purpose of Bitcoin is to hedge against unlimited Central Bank money printing and hyper-inflation. That, and to give us an alternative to Central Bank fiat.
All technicals aside, since the big sell-off Bitcoin has performed better than every other asset class. Gold, silver, oil, stocks, t-bills, etc. It couldn't be more obvious.
I'm long, AF. Especially given the past two weeks and the turmoil we're going to be going through here in the near-future.
We will know soon enough if Bitcoin is for real, or if it was all a scam.
As of right now it's looking like the real deal.....