No, Bitcoin isn’t pumping because it’s a “safe haven” from banks (opens in new tab)

I liked this write up. Basically, it's gambling, and pumping, and people misunderstand both scale and motivations to buy or sell because they focus on narrow stories.

I don't have a spare million dollars but even if I did I wouldn't engage in a bet over BTC price because that too simply adds legitimacy to the game.

Eh it’s fine for tail risk alloc. If in a collapse scenario I think BTC will 40x and I put 2.5% into it, I’m covered.

It's because stupid money moves fast and in stupid numbers.

Bitcoin is just a technology. You cannot invest in "technology" itself. You need a company that can utilize that tool. We are still waiting for that company.

When they say the whole screed in the headline, you can usually believe the opposite. Yes, people are fleeing from cash. COMEX is running dry too, will be interesting to see what the copes will be regarding that soon.

:waving_hand: