When Bitcoin falls sharply, like it is now, All the “economists” come out of their dens to criticize Bitcoin. Example: x.com/steve_hanke/status/20194...… But ironically, these moments have ALWAYS been, historically, an excellent time to buy it. November 2022: The ECB publishes: “The recent stabilization of the Bitcoin price resembles ‘a final, artificially triggered surge before it goes down the path of insignificance.’” BTC price at that time? $16,000. BTC price 2 years later? $100,000. But we're just saying.
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Steve Hanke
@steve_hanke
02-05
Even CNBC's financial talking head @jimcramer has finally gotten it right. Jim said, "everything is not fine" with Bitcoin and "people NEED to GET OUT."
BITCOIN = A HIGHLY SPECULATIVE ASSET WITH ZERO FUNDAMENTAL VALUE.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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