Bitcoin / Crypto In The Spotlight Again Positive Light
It's clear that crypto has been in a bit of a battle as of late however despite all of that bitcoins price has nearly double from it's all time lows of just six months ago and is nearing that $30,000 mark. That's rather substantial when you take a look at the bigger picture.
As you can see that's actully a rather bullish run in what is one of the most aggressive attacks against crypto ever. However the alternative (being that of banks and the US Fiat system) are showing major issues themselves. In fact it's so bad that people would rather bet on bitcoin over the dollar right now and rightfully so!
The USD is being attacked by over half of the worlds population and a GDP that is larger than that of the G7. It's creating a much lower demand of the USD in terms of world trade and also the confidence in the fiat system.
Banks Continue To Fail
Like a repeat of 2008 where tax payers bailed out banks and companies only to be stuck with a harsh bill while CEOs ran away with billions people are fearing that's going to happen again as we see bank after bank in the USA collapse.
The next on the list is First Republic Bank and I'd love to hear our wonder SEC leader (sarcastic) say this one is tied to crypto as well lol.
This bank is looking to get bailed out as well and will usher in yet another bailout by the government. And yes the government will come on the news and say that it's not tax payer money bailing out this bank but we should all know that's a bunch of BS because where does the government get the money? From tax payers!
This is further undermining the USA internally and also abroad and rightfully so. The USA needs to get its shit together seriously and stop taking on so much debt and taking more from its citizens. People are honestly getting sick and tired of it and it's only going to get worse and spark some major issues over the next 10-20 years for sure.
The Major Case For Bitcoin
This goes to prove to us once again the demand for bitcoin as a stable and store of value is actully one of the best worldwide assets besides gold and silver. The funny thing is however gold and silver is constantly mined and more is being found in Africa and other places around the world. While bitcoin does in fact have a finite supply and that supply is running low.
This is for sure targeting renewed focus on crypto again despite all of the issues and attacks that constantly come against it and it's mainly because people are sick and tired of governments and how they are treating people and rightfully so.
This is painting a clear picture that crypto in particular bitcoin and Ethereum will be on a bull run just in time for summer.