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bc aaaallll thesseeee people wanna buuuuy! Rotation out of everything else right now to prepare for IPO mania!
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Rotation out of everything else
Is this the simple explanation for bitcoin's lethargic price action?
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No, bitcoin is dying. That's the simple(st?) explanation
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This together with the uncertainty about Strategy
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Since 2020 at least, it has felt that the stonks world is of the opinion that there can be no downturn. The faith in regulator, moneyprinters, and bail-outs is high. Clearly we can only go up.
Not to harp on an overdone point (dumping and price crashing), but aren't we talking about SpaceX, OpenAI, and Google dumping shares of their companies? If so -- and given that these are the very same stocks that seem to be primarily responsible for the whatever positivity there is in this economy -- why is this not a grim omen?