Everyone pls buy a small amount at the top so we can make this shit look red hot to the institutions. Do your part and risk a 30% loss on a small position and we could all be on the moon
Chase Collins
TRIPS OF TRUTH! BOBOS UTTERLY CRUSHED AND HUMILIATED HAHAHAHAHA!
>The price of Bitcoin (BTC) has reached $20,000 for the first time in history on Dec. 16. The historic milestone comes just over two weeks after breaking its previous all-time high.
>At the same time, this rally is different from 2017's due to several reasons that could help BTC soar even higher. These include growing institutional demand, the increasing perception among investors that BTC is a store of value, and stronger network fundamentals.
>In December 2017, data suggested that retail and mainstream investors were behind the Bitcoin rally. At the time, CME BTC futures had just launched and there was a lack of institutional investment vehicles.
>As such, the rally was mostly fueled by retail investors, which came to an abrupt stop after a strong whale-induced sell-off.
>This time, institutional investor-focused platforms are seeing an explosive increase in trading activity. For instance, the CME BTC futures market recently notched a $1.27 billion open interest, ranking just behind OKEx as the second-largest in the global Bitcoin market.
>Institutional investors are not likely to invest in Bitcoin with a short-term strategy. Many are increasingly viewing it as a digital store of value and an alternative to gold.
>Bitcoin breached the $20,000 level for the first time in history Wednesday, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency.
Fuck Satan and fuck niggers. We ll make it. Checkem
Asher Bell
HOSANA ON HIGH
Levi Torres
NBC says IRRESISTABLE INVESTMENT and different from the 2017 bubble
>The value of one bitcoin hit $20,000 on Wednesday, after a two-month climb that saw the cryptocurrency’s value double, marking the first — some say second — time in history it has reached the all-time high.
>Bitcoin trades on different exchanges, which creates confusion as to whether this is the first or second time it has reached $20,000. But while crypto enthusiasts may differ on the all-time high, they agree that the digital token's record run shows bitcoin has legitimacy.
“The fundamentals are the same as in 2017, but the opportunities for making bitcoin more expressive are far greater than the last big bull run that got it to $20,000,” said Matt Luongo, CEO of Thesis, a crypto venture builder that focuses on products that “bring utility” to bitcoin, such as Fold, a Visa credit card that lets holders earn rewards in bitcoin.
>The last time bitcoin mania was at its peak was in December 2017 when the cryptocurrency hit $20,000. In the following months, bitcoin had wild swings, with the value dropping as low as $5,500. Janet Yellen, who was chair of the Federal Reserve at the time and who is now President-elect Joe Biden's pick for treasury secretary — warned then that the cryptocurrency was a “highly speculative asset” and not a “stable store of value.”
>This time, experts say a better market understanding of bitcoin, more mainstream adoption and a desire to use cryptocurrency as an inflation hedge make this bull run different than the 2017 bubble.
International Business Times >Robert Kiyosaki said he's glad he bought Bitcoin below $20,000 >The author said a wall of institutional money is coming into Bitcoin