You are looking at bitcoin from a day trader perspective. The recent run up in price is due to institutional investors that want to invest in a good store of value. Google Michael Saylor and why he invested his company’s treasury into bitcoin. Pretty soon most Fortune 500 companies will allocate a small % of their treasury to bitcoin. Cash is a depreciating asset. To pay for the debt expansion every central bank in the world will be issuing more fiat.. which will dilute all the current fiat in existence. There is Only one way to preserve your purchasing power and this is with bitcoin.. Gold and silver is not finite..
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