@BitQua Not only did they short it, they keep updating their charts to reflect this move as a bounce before 40k…which they have been calling for since Feb
Watch all the bears start to talk about how bitcoin is rising too much too quickly….yet there was not a PEEP from them about how quickly it dropped on those big drawdowns over the last year. Oh and I still see so many calling for 40-50k 😭😭
What the government is doing now is the equivalent of holding a 30-year mortgage at a 3% interest rate and refinancing it into a 4% one-year adjustable-rate mortgage.
In other words, you are replacing longer-term, lower-cost debt with shorter-term, higher-cost debt.
Now apply that to trillions of US dollars.
That is effectively what the US Treasury is being forced to do as long-term yields surge.
Unfortunately, the Treasury is largely playing the hand it has been dealt.
The next phase of the US deficit spending crisis began today.
Also…BTC bears who have been calling for 40k for MONTHS just cant let it go 😂 theyre all adjusting charts and “thesis” to show a small pump and STILL a dump to 40k 😭😭😭 #GiveItARest
People don’t understand that it is necessary for BTC to reach unimaginable levels into the hundreds of thousands per coin. However it is only unimaginable to those who don’t understand BTC, the Fed, and monetary debasement.