Oooo, is it going to heat up again? things are going sideways now. But at least it's not plummeting down to $25k support level with BTC (or lower) and everything else following.
Things look to be getting better... maybe. Recent new from mainstream investor Carl Icahn is a positive sell-the-news event for crypto.
Today, he told Bloomberg Markets he's looking to get into crypto "relatively big way," and that "Crypto is here to stay in one form or another".
Hot damn! And this guy was anti-crypto a few years ago, saying it was ridiculous. Well, he changed his tune.
Why? Inflation. People are looking to put their money in shit that isn't going to pop like a balloon with Biden printing money like mad.
"With Ethereum it's the underlying block chain. So, Ethereum has two things - you can use it as a payment system, you can use it as a store of value."
"So Ethereum and Bitcoin are different. Bitcoin to me is just a store of value."
"I'm looking at the whole business. I'm not looking at what to buy necessarily at this time, I'm just looking at the whole business and how I might get involved in it with Icahn Enterprises, in a relatively big way. Cause I do think it's here to stay in one form or another."
Right there, is the singling out of Ethereum over BTC!
Is he buying ETH? He won't say:
"I mean, a big way for us would be a billion dollars, billion and-a-half dollars ... I'm not going to say exactly."
Look at ETH to start pumping higher relative to BTC, is what I think will happen. More news for ETH is pumpable. Look at 1-2 months ago with the corps who announced hiring Eth devs... boom went ETH in the market!
I don't think the bull run is over. If there is more a bear turn for the summer, the fall is where the madness will be. Watch out. Or it could all go to shit, what the fuck do I know :P
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We at the mercy of technicals now. That crash basically broke everything.
We fell off the wall. Who's gonna put Humpty Dumpty back together again?
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All depends what your time horizon is really. I dont think anyone is worried really, noobs are going to get scared and their belief tested. Chances are if they just got in in 2021 they don't actually believe in what they are buying they just think its going to make them rich. This is certainly a new one for Bitcoin but it is kinda due, we cant have the same situation every single cycle, we gotta mix it up. So we go into a technical bear market but i think it wont last long and will be an anomaly. People wont be talking about 4 year cycles again after this which is good. Nothing in life is that clear cut or that certain. The big guns just want in and it's as simple as that, I said it straight away Elon got a phone call and got told. Elon should be thrown in jail or his company completely boycotted by crypto enthusiasts IMO. Hopefully his reputation will be destroyed and he will never recover, what he did was/is disgusting. So to answer your question it will probably be Elon who puts Humpty back together again when he lays out his amazing idea of integrating Bitcoin mining into Tesla power wall. The next phase of bitcoin mining intergration is what will truly send Bitcoin up out of this galaxy when everyone is installing solar panels and other household items to mine Bitcoin which all create surplus income for it owners whilst simultaneously creating a greener world, and making Elon rich, his share holders rich and Tesla the biggest company on earth. The incentives that come with Bitcoin mining could change the planet. Either that or Bill Gates crypto currency patent will have people enslaved to earn his coin. Hopefully Bitcoin will win in that sense, Bitcoin is a household name and whether Satoshi intended or not will be integral to everything in the future.