It's not crazy at all. If I had dry powder right now I'd be buying Hive over Bitcoin without a 2nd thought. The amount of FOMO bitcoin receives is not equal to the relative gains from speculating, and once the US determines which hand of the banking empire will control the white house it will be risk on, which would mean money pouring out of BTC.
You are viewing a single comment's thread from:
Actually BTC has been trading like a risky asset for some time now. Even these last few days it has been going up in a risk on movement, not a risk off movement. What's good for stocks is good for bitcoin. My hope is that eventually the altcoins join in on the fun and when they do, hopefully their percentage gains are larger than bitcoin's.