poorbaldmonkey on Nostr: As the banking sector destabilizes there is likely to be a lot of panic within ...
As the banking sector destabilizes there is likely to be a lot of panic within institutions regarding pretty much everything.
There's already a ton on Institutional fiat wrapped up in bitcoin. It's likely that we'll see some hard exists by institutions that aren't interested in the long term prospects of what bitcoin does. They are primarily interested in turning a buck. When they panic, they'll exit sell.
From my perspective, that's a good thing. If I'm right, there will be some cheap bitcoin for awhile.
Then, it's likely that we'll see tons of ghost flowing in as people are institutions alike try to protect themselves from a breaking, if not collapsing, system.
Mind you, I just buy regardless.
For me, predicting bitcoin is like predicting the weather. Sometimes I'm right. Sometimes I'm wrong. It doesn't matter either way. I'm going to live with it.
There's already a ton on Institutional fiat wrapped up in bitcoin. It's likely that we'll see some hard exists by institutions that aren't interested in the long term prospects of what bitcoin does. They are primarily interested in turning a buck. When they panic, they'll exit sell.
From my perspective, that's a good thing. If I'm right, there will be some cheap bitcoin for awhile.
Then, it's likely that we'll see tons of ghost flowing in as people are institutions alike try to protect themselves from a breaking, if not collapsing, system.
Mind you, I just buy regardless.
For me, predicting bitcoin is like predicting the weather. Sometimes I'm right. Sometimes I'm wrong. It doesn't matter either way. I'm going to live with it.