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Strategies & Market Trends : Bear!
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To: petal who wrote (224)4/15/2024 5:11:43 PM
From: Sean Collett1 Recommendation

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petal

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Hello Petal,

IMO tough to tell on Bitcoin because there is a ton of speculation for sure, but there is also the aspect it is being used by foreign countries to move around the dollar.

You have El Salvador buying it and I wouldn't be surprised if other nations are doing the same to get around the US. Heck, I believe even the US gov has some 212K BTC.

I find the move of Hong Kong allowing a Bitcoin ETF to be most interesting given Xi prior stance on it.

I have no position in any crypto since the above are open questions and there's no way to see my risk. I do not see it going to 0 though given the above either.

-Sean
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