Bitcoin's YOYO

1. Definition of yo-yo: a thick grooved double disk with a string attached to its center axle that is made to fall and rise to the hand by unwinding and rewinding on the string (src: Merriam-Webster)

2. Will history repeat itself? The true answer is I don't know as only time will tell.

Comment:

3. What is the true reason for the sudden spike up in Bitcoin? Remember my early hypothesis Bitcoin will react positively to banking crisis? Because they worry the Game Stop squeezes on short side hedge funds will cause financial turbulence as big as LTCM and the collapse of the global financial system.

4. It was reported that the attack on Game Stop came not only from US but 15% of them can be tracked down to India.

5. It is this same reason (for worry of financial crisis caused by these short side hedge funds) sent the panic shock wave to US stock markets like DJIA or S&P.

6. My opinion this worry for financial crisis is unwarranted so Bitcoin should come down and stock markets should go up.

7. My wild guess the next Gamma Crisis will come from EU.

Comment:

8. S&P Chicken Little :)