DU09

BTC/USD - Bitcoin PUMPs 30% since invasion. Bear market over? 😱

Long
BITSTAMP:BTCUSD   Bitcoin
Well, well, well... the fundamentals and core argument for why your should be bullish on Bitcoin has just changed, DRAMATICALLY.

Bitcoin is a CENSOR resistant network where anyone can freely transact, save and store value without the risk of CENTRALIZED power FREEZING accounts and STOPPING transfers.

Access and usage of traditional finance has been weaponized since the Russian invasion of Ukraine! Oops. Who benefits??? Bitcoin.

In the last week, there was a lot of frozen accounts everywhere, withdrawals limited, transactions stopped, credit cards disabled... including for the CENTRAL BANK of Russia. This is UNPRECEDENTED.

In a post-2022 world, Bitcoin becomes INDISPENSABLE to a whole lot of people with A LOT of money, not just in Russia, but in Ukraine and EVERYWHERE ELSE.

This is the MOST BULLISH realization possible for a lot of rich people around the world.

What will they do next? They will get exposure to Bitcoin, LOTS OF IT.

BILLIONS of exposure. Just in case...

Even more striking, BTC has NOT changed since 2009, but suddenly its features come at a HUGE premium.

Plus, since 2009, adoption exploded making BTC a CREDIBLE alternative to traditional finance.

How about that for a CLEAR USE CASE.

Damn.

No wonder BTC pumped 30% since Russia invaded, people are waking up, fast. And not just anyone, people with a lot of money in... BANK ACCOUNTS.

The irony.

In terms of TA, this recent price action really turned things around and if BTC manages to reclaim and move above $45k, then this bear market MAY be over...

This is catching up quickly and the price action shows it...

Bias - UBBER Bullish.

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