Have lots of gratitude ๐๐ฝ. Im a Senior Sales Consultant at Acura ๐๐ข๐ป๐ฑand a Business Analyst and STA & Associates. ๐๐ Travel ๐ณ๐ฎ๐บ๐ธ. I love the ๐งป
Bitcoin traded near $42K on Friday and near $30K on Monday. An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against #inflation. If you want to gamble on #Bitcoin, buy Bitcoin. But if you want to hedge against inflation buy #gold.
Bitcoin bulls believe that if they pump the #Bitcoin price high enough institutions will have no choice but to buy for fear of missing out. If so, this would be the first bubble in history where little guys get in early and sophisticated bag holders arrive late to cash them out.