Unfortunately, the new “institutional money” flowing into crypto flocks to the known, because money manager ever got fired for owing Coca Cola, KO.
This has created a scarcity issue and the subsequent melt up. Likely to intensify. Watch the election.
We are witnessing a wonderful misallocation of capital. Court cases and utility compliant with existing law will exercise the market efficiency. Right now, it is not efficient. This will be a long process. Longer term match technical breakouts with events.
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14K8phjaBfh5tHQduX9tGB43LrrvfT5Leu VerifiedThings don’t matter until they matter. Something truly significant may not be reflected in price until the ripples, pun intended, smooth out and allow for reflection in price. When the inflection points are passed all prior significance manifests violently
Oddly enough, that is kind of what we are seeing in BTC right now. Except currently this is still about a pure value preservation proposition against failing pseudo centrally planned/controlled national currencies. Hard for those minds to let go.
They’re still seeing things as gov’mint printin’ money >>> need to own something gold like. Not seeing truly awesome things like twitch, money button, metanet et al. Sorry to go on and on, just a stream of consciousness. Putting the bourbon down now, ha.