/biz/ - Business & Finance

$7400 Bitcoin + Confidence reinstilled into Alt markets.. Like I said, BTC 6K - 6.6K double bottom much more likely than a break below. People who think this will crash to $2.5K are the ones who are looking too deep into the FUD and ignoring how much actual pent up demand there is for a cheaper Bitcoin. You have to realize that this is digital gold with 10+ year hold lengths we’re looking at. There isn’t really much of an explanation needed, or a need to over complicate things. It’s pretty simple that price is determined by supply and demand, and that there’s just too much demand for Bitcoin. The entire crypto space is only 1/2 the size of a company like Facebook which IPO’d less than 10 years ago. Facebook is ONE STOCK. And you’re calling Crypto a bubble? LOL!