For those who might be wondering, “Where did the Federal Reserve get the $1.5 trillion they just committed to injecting?” A blast from the past explanation of how it all works. 💻🖱️🖨️
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pretty clear running triangle has formed on $BTC, so either this is a complete abc now where we resume downtrend or this abc is part of a wxy in a larger triangle forming on daily.
either way, we know a triangle can not be a wave 2 and the lack of impulsive structure is bearish
Bitcoin is digital scarcity.
Gold bugs: like scarcity but think money should not be digital.
Fiat bugs: like digital but think money should not be scarce.
Altcoiners: like digital scarcity but don't understand what scarcity is.
"Since 1970, the USA has inflated its base money supply at a compound annual growth rate of 9% (7% since 1914). This is equivalent to doubling the supply every 8.1 years." h/t @Adam_Tache
It's time for Plan ₿