$BTC
In a week it’s up 23%, but what really concerns me is this:
The regulatory framework hasn’t been rolled out yet.
The strategic reserves haven’t been put in place yet.
The Fed’s buybacks have only just begun.
None of these three catalysts have been delivered, yet the price has already moved.
When they start showing up one after another, what will the picture look like then?
I think it’s still too early for this move.
In a week it’s up 23%, but what really concerns me is this:
The regulatory framework hasn’t been rolled out yet.
The strategic reserves haven’t been put in place yet.
The Fed’s buybacks have only just begun.
None of these three catalysts have been delivered, yet the price has already moved.
When they start showing up one after another, what will the picture look like then?
I think it’s still too early for this move.
