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RE: Bitcoin continues tracking along very nicely post Halving

in GEMS3 years ago

Tough to say. Who will be buying at $100,000 or $200,000 levels? If we have to rely on unsophisticated investors buying in a parabolic move it is hard for them to wrap their head around buying something like that instead of buying a house or spending more than they make in a year and sometimes in half a decade worth of slaving away at work. I just think it is a tough sell.

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Institutions and corporations, plus, as we've seen the higher bitcoin goes the more reflexive the price becomes with every new dollar invested having a greater impact on the price the higher it goes, in percentage terms.

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