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RE: Central Banks, Governments & Keynesian Economists Are Losing Their $hit Over Bitcoin
There is certainly a lot of press about the bitcoin ‘mania’. I do agree that most people are not investing for the tech but due to a fear of missing out!
Yes I agree, but also consider there's a lot of institutional money moving into the space. There's simply no comparison to guide anybody, nobody can say if this is "mania" or "FOMO" or legitimate, sustainable increase in prices. If bitcoin were a stock, it'd have split 5 times already and the price would be in the hundreds. But bitcoin can't split, so, the price keeps going up.
I agree it’s uncharted territory. And the introduction of futures could result in a spike as money flows in, or a major correction as institutions short it! Interesting couple of weeks.
I agree with you