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Interestingly enough, bitcoin is up 10+% today and I think few other crypto currencies as well. Seems like when people see banks failing, bank runs and risk of
by avnsadlfnlsaei 4y ago
Interestingly enough, bitcoin is up 10+% today and I think few other crypto currencies as well. Seems like when people see banks failing, bank runs and risk of losing their deposits, they see value in crypto.
- berkle4455 4y agoThat's why bitcoin is rallying today after the US government swore to protect the banks and the integrity of the US dollar, and bitcoin crashed when the actual bank run happened and the outcome was up to speculation? Your commentary is quite literally the opposite of what happened.
- worksonmine 4y agoYes, the same people seeing their fiat at risk finally understand the point of crypto is control and not NFTs. Hope they're smart enough to keep it safe and not on an exchange though, defeats the purpose.
- ourmandave 4y agoBitcoin always rallies when crypto has bad news. It's propped up by wash trading by the tether cartel so people think everything is fine.
- Lapsa 4y agosensible but more likely folks are just desperately trying to hedge even if that means using crypto