Bitcoin: A Very Bizarre State of affairs
Tweets by xpocketdefi
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It’s been an attention-grabbing few days. From going from really bored on the Bitcoin crypto markets, to working round panicking. As excessive as that 180 response that’s, and the way that often doesn’t age very properly, right here’s what FUD got here out this week including gas to that panic.
China banning Bitcoin (once more)
France suggesting imposing KYC for, get this, all transactions. Good luck with that.
Mt. Gox positively able to distribute $2 billion price of Bitcoin very quickly. As they’ve been saying since 2018.
Citibank downgrades Microstrategy inventory from purchase to promote. The sheer audacity of a financial institution no much less saying that.
So ought to we be panicking proper now and in that case to what diploma. Let’s check out on chain components to see if we will glean some insights.
Disclaimer: I’m not a monetary adviser and this isn’t monetary recommendation.
#crypto #cryptocurrency #bitcoin