I know Charlie Munger, Warren Buffett's partner is ancient at age 97 but he does have some funny things to say about Bitcoin and cryptocurrency investment bankers. "They will sell shit as long as shit can be sold"
https://finance.yahoo.com/news/mung...bitcoin-by-quoting-oscar-wilde-195247281.html
https://finance.yahoo.com/news/mung...bitcoin-by-quoting-oscar-wilde-195247281.html
Levels r levels, powerful bullish chart,..at a support level...........If it cant hold, $40,800 level has high probability to hold;---- .618 fibo level AND horizontal support
https://www.investing.com/crypto/bitcoin/chart
click widescreen , click canldestick
The Money Tree likes BTC folks;
https://www.bloomberg.com/news/arti...bitcoin-has-trillions-in-market-cap-potential
Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential
Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases.
Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market capitalization potential.
“When you think the market cap of Bitcoin is roughly $950 billion, think about that in the context of an Apple,” she said. “It’s less than half of Apple’s valuation and here we’re talking about the reserve currency of the crypto asset world.”
Increased adoption by institutions this year has been a positive surprise, Wood said.
“We expected institutional investors to start moving in,” she said. “What we did not expect from institutions was the diversification on their balance sheet and a diversification of their cash assets into Bitcoin.”
(the bond market saw some buyers during sleep hours, lol--was it Powell? LMFAO. )
https://www.investing.com/crypto/bitcoin/chart
click widescreen , click canldestick
The Money Tree likes BTC folks;
https://www.bloomberg.com/news/arti...bitcoin-has-trillions-in-market-cap-potential
Cathie Wood Says Bitcoin Has Trillions in Market Cap Potential
Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases.
Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market capitalization potential.
Increased adoption by institutions this year has been a positive surprise, Wood said.
“We expected institutional investors to start moving in,” she said. “What we did not expect from institutions was the diversification on their balance sheet and a diversification of their cash assets into Bitcoin.”
(the bond market saw some buyers during sleep hours, lol--was it Powell? LMFAO. )
Timber
Bitcoin has dipped below the $40,000 mark amid a wider tech sell-off and predictions of a looming interest rate hike, in a blow to investors hopes that it could act as a hedge against inflation.
Bitcoin has fallen from its previous all-time high of over $68,000, reached just two months ago, to trade at $39,216.32 on Friday.
Bitcoin has dipped below the $40,000 mark amid a wider tech sell-off and predictions of a looming interest rate hike, in a blow to investors hopes that it could act as a hedge against inflation.
Bitcoin has fallen from its previous all-time high of over $68,000, reached just two months ago, to trade at $39,216.32 on Friday.
