Bitcoin passed $100k - XRP passed $2
I really do not know what to make of this market.
Coin Market Cap says we are in Extreme Greed.
However, bitcoin has been flirting with $100k a while, and XRP looks like it is consolidating around $2 in for a move to $5 soon.
So, it really looks like these two are about to head higher.
And they will be heading higher because BIG players are going to be buying these two up until they are all gone.
Hurray, bitcoin passed $100k
Signal the parties
Wait bitcoin is back at $95k, err $98k, err…
Satoshi owns a significant portion of bitcoin.
But also, now, Black Rock owns a significant portion of bitcoin.
MicroStrategy owns a significant portion of bitcoin.
We all know there is only 21 million bitcoin, ever, right?
Countries are buying, or stating they will buy bitcoin. Including The US. And, of course, since The US is going to buy, all the other countries are going to buy too.
There just isn't much bitcoin left to buy.
Unless Fink or Saylor are going to be selling.
Up until now, MicroStrategies has been buying up small amounts of bitcoin, on the low down to keep from moving the price. But this only works as long as there is a large pool. When the pool dries up, the price will skyrocket, or stop having meaning.
It is really easy to imagine that there will not be any bitcoin for sale on exchanges. And, as such, what will be the price of bitcoin? When this happens, all of our previous expectation of bitcoin's price go out the window.
Instead of exchanges, do we now have BitcoinBay? Where people bid on bitcoin?
The US and Russia competing, trying to snipe the price at the last second?
Hurray XRP is…
XRP has made HUGE gains over the last month. Such scary, light headed making, moves. Certainly it is going to pull back, have a serious crash… something.
The problem is, Ripple looks about ready to flip the switch.
Ripple is launching a dollar stable coin on top of XRP. This will surely make the price of XRP go up, up, up. It has to all the other platforms that were supporting a stable coin.
Ripple has made deals with tons of central banks to use XRP as cross border payment systems. When this goes live, a lot of people will want a lot of XRP to use.
Ripple CEO has supposedly talked with Trump about… something.
XRP should be MUCH higher just based on the news. But, XRP seems immune to news.
However, if any of the news become actually active, then suddenly, it will become the most used coin. And there will be a lot of people, AND BANKS, that will want XRP.
The numbers just don't make any sense for bitcoin or XRP.
And, even if we are in "Extreme Greed", i can't help but feel that a lot of people are looking for a lifeboat. And, on top of that, we are about to see the FOMO. Now that the price goes up, more people will buy, causing the price to go up.
Sooooo, do we go from "Extreme Greed" to OMGExtremeGreed? (what's after that?)
We just may have to live with Bitcoin being $1 million per, and XRP being over $100 per.
That will 10x the crypto market cap, moving towards 100x. And we aren't even talking about adoption yet, we are just talking about the big boys getting into the market.
We are used to bull runs, and then the "inevitable" collapse afterwards, and then long a consolidation period. But, what if the numbers these consolidate around is higher than we are even speculating on?
I really don't know what to make of this.
Sooooo, prepare for a huge crash. But, it will be short, and prices will be even higher shortly thereafter.