ByDHTaylor

BTCUSD should continue with its push towards 12k

Long
COINBASE:BTCUSD   Bitcoin
I continue to watch for the move in BTCUSD upwards to $12,000. The whole reason BTC exists is because of the over-inflation of the USD after the financial crisis of 2008. The amount of money the Federal government is printing these days is going to make 2008 look silly. I am not certain as to when the next stimulus package will pass. They are talking about another $1.5T or more. That would be an additional 50% more than what was first pushed through in April.
Given this, I am bullish on BTC for the long term.
BTCUSD

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