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RE: Bitcoin bulls surpass Elon's high - targeting 50K+ end of month

in LeoFinance4 years ago (edited)

You're most welcome.

This is an interesting questions as in prior cycles pretty much the only driver was sentiment / faith / hype / mania.

This cycle we have a clear shift in market fundamentals ie just 2 million BTC on exchange, just 4 million in weak hands (including the first 2 mentioned I think?), institutions actually buying instead of just rumours, more active wallets than there will ever be bitcoin.

That side of things isn't really my strong suit, but I'd warrant with these new drivers combined with the longstanding undying faith, we'll be able to put in a comparable cycle.

You may have seen this video from the microstrategy conference, but if not, well worth a watch - either the whole thing or especially the last 20m - https://leofinance.io/@rollandthomas/microstrategy-s-bitcoin-summit-day-1

(via @rollandthomas)

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Oh, much appreciated there buddy! I'll take a look at the microstrategy. As always keep on writing and thanks for your time.

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