/biz/ - Business & Finance

[Anonymous No.24850513]

ITT: Bitcoin has smashed 20k celebration! HOSANNA FOREVER!

Digits from previous waiting room: >>24849555 >>24849999

Hosanna praise music: https://www.youtube.com/watch?v=6BRXxTToV-I

Bullish case for Bitcoin charts and library: https://casebitcoin.com/

Complimentary synthwave:
https://www.youtube.com/watch?v=M-0TB9JMpdE
https://www.youtube.com/watch?v=y0XrDm4CQOg
https://www.youtube.com/watch?v=NczvkZd7wf8
https://www.youtube.com/watch?v=VgjdnhAjPbY
https://www.youtube.com/watch?v=MCKmoE6Rzp8
https://www.youtube.com/watch?v=kMnwQvlIzLw

[Anonymous No.24850577]

WHY I CHOSE TO BUY LINK!?

[Anonymous No.24850798]

>>24850513
20.4k rejected
we are going STRAIGHT back to 12.5k

[Anonymous No.24850888]

>>24850513
Bogdanoffs and Bobos will never win, the trip god supports us

[Anonymous No.24850908]

>>24850888
jesus christ

[Anonymous No.24850914]

>>24850513
OOOOOOOOOOOOOOOOOOOOO!

[Anonymous No.24850919]

25k by the end of the day, get in while you still can

[Anonymous No.24850933]

>>24850888
WTF WTF WTF
WE'RE ACTUALLY ALL GONNA MAKE IT

[Anonymous No.24850942]

AAAAAAAAAAAA--wait, wrong scream

OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO

[Anonymous No.24850950]

>>24850888
BASED G0Y

[Anonymous No.24850965]

>>24850513
YEEEEEEEEEEEEEEEEEEEEEEEES
>tfw 100% in stinkies since 2017
>tfw fell for the swingies get the rope meme

[Anonymous No.24850966]

>>24850888
Checkerino!!!

[Anonymous No.24850980]

>>24850513
Whats next? 23k today is possible?

[Anonymous No.24851007]

>>24850933
Can't wait until it crashes again and you morons an hero in mass again.
You are never going to make it faggot

[Anonymous No.24851013]

>>24850980
80k

[Anonymous No.24851016]

HNNNNG

[Anonymous No.24851033]

Everyone pls buy a small amount at the top so we can make this shit look red hot to the institutions. Do your part and risk a 30% loss on a small position and we could all be on the moon

[Anonymous No.24851035]

>>24850888
TRIPS OF TRUTH! BOBOS UTTERLY CRUSHED AND HUMILIATED HAHAHAHAHA!

>>24850980
Consider this a 25k waiting room.

[Anonymous No.24851037]

>>24850980
When FOMO kicks in anything is possible.

[Anonymous No.24851056]

>>24851035
100k waiting room my friends

[Anonymous No.24851083]

>>24850888
Woahhhhhh

[Anonymous No.24851122]

>>24850888
HOLY FUCK WE ARE BLESSED

[Anonymous No.24851273]

I'll be posting news caps: https://www.coindesk.com/bitcoin-price-breaks-20k

[Anonymous No.24851288]

>>24850888
>Moloch
anon.... we arent jews...

[Anonymous No.24851373]

Cointelegraph says happy 20k: https://cointelegraph.com/news/bitcoin-price-hits-20-000-for-the-first-time-in-history

>The price of Bitcoin (BTC) has reached $20,000 for the first time in history on Dec. 16. The historic milestone comes just over two weeks after breaking its previous all-time high.

>At the same time, this rally is different from 2017's due to several reasons that could help BTC soar even higher. These include growing institutional demand, the increasing perception among investors that BTC is a store of value, and stronger network fundamentals.

>In December 2017, data suggested that retail and mainstream investors were behind the Bitcoin rally. At the time, CME BTC futures had just launched and there was a lack of institutional investment vehicles.

>As such, the rally was mostly fueled by retail investors, which came to an abrupt stop after a strong whale-induced sell-off.

>This time, institutional investor-focused platforms are seeing an explosive increase in trading activity. For instance, the CME BTC futures market recently notched a $1.27 billion open interest, ranking just behind OKEx as the second-largest in the global Bitcoin market.

>Institutional investors are not likely to invest in Bitcoin with a short-term strategy. Many are increasingly viewing it as a digital store of value and an alternative to gold.

[Anonymous No.24851443]

The Blue Bull of Ungodly Gains has come to help, everyone brace for insane gains

[Anonymous No.24851454]

CNBC

>Bitcoin breached the $20,000 level for the first time in history Wednesday, as crypto enthusiasts pointed to increased demand from institutional investors for the red-hot digital currency.

[Anonymous No.24851537]

>>24850513
https://www.youtube.com/watch?v=z97qLNXeAMQ
BIG BOYS COMING WITH THE BIG PUMPS
FEEL SO CLEAN LIKE A MONEY MACHINE OH YEAH
>>24850888
HOLY FUCK CHECKED
MINISTER U SMINEM

[Anonymous No.24851628]

Fuck Satan and fuck niggers. We ll make it. Checkem

[Anonymous No.24851630]

>>24850513
HOSANA ON HIGH

[Anonymous No.24851670]

NBC says IRRESISTABLE INVESTMENT and different from the 2017 bubble

>The value of one bitcoin hit $20,000 on Wednesday, after a two-month climb that saw the cryptocurrency’s value double, marking the first — some say second — time in history it has reached the all-time high.

>Bitcoin trades on different exchanges, which creates confusion as to whether this is the first or second time it has reached $20,000. But while crypto enthusiasts may differ on the all-time high, they agree that the digital token's record run shows bitcoin has legitimacy.

“The fundamentals are the same as in 2017, but the opportunities for making bitcoin more expressive are far greater than the last big bull run that got it to $20,000,” said Matt Luongo, CEO of Thesis, a crypto venture builder that focuses on products that “bring utility” to bitcoin, such as Fold, a Visa credit card that lets holders earn rewards in bitcoin.

>The last time bitcoin mania was at its peak was in December 2017 when the cryptocurrency hit $20,000. In the following months, bitcoin had wild swings, with the value dropping as low as $5,500. Janet Yellen, who was chair of the Federal Reserve at the time and who is now President-elect Joe Biden's pick for treasury secretary — warned then that the cryptocurrency was a “highly speculative asset” and not a “stable store of value.”

>This time, experts say a better market understanding of bitcoin, more mainstream adoption and a desire to use cryptocurrency as an inflation hedge make this bull run different than the 2017 bubble.

[Anonymous No.24851841]

International Business Times
>Robert Kiyosaki said he's glad he bought Bitcoin below $20,000
>The author said a wall of institutional money is coming into Bitcoin

[Anonymous No.24851964]

Wasn't just in our heads, there's going to be a lot of fucking news for this.

MSN:
>“We have a new line in the sand and the focus shifts to the next round number of $30,000"

[Anonymous No.24852136]

https://www.nasdaq.com/articles/bitcoin-breaks-above-%2420000-for-first-time-2020-12-16

>The rally in bitcoin, which some investors have seen as a potential safe-haven, has coincided with spot gold's XAU= drop in recent months.

Metalboomers on suicide watch

[Anonymous No.24852316]

https://www.nasdaq.com/articles/british-fund-firm-ruffer-piles-%24675-million-into-bitcoin-in-defensive-move-memo-2020-12-16

>LONDON, Dec 16 (Reuters) - British fund manager Ruffer Investment Management has shifted around $675 million of its clients' fortunes into bitcoin, an investor memo seen by Reuters showed, in one of the largest signals of rising institutional interest in the digital currency this year.

>The firm, which manages 20.3 billion pounds ($27.3 billion) in assets on behalf of more than 6,500 investors globally, described the allocation as "a small but potent insurance policy against the continuing devaluation of the world's major currencies", the memo said.

>The allocation represents around 2.5% of its total assets, the memo said. Ruffer referred Reuters requests for comment to its media relations agency, which did not immediately respond to enquiries.

>Bitcoin has soared to a record high this year, up 170%, as investors see in the cryptocurrency a hedge against the risk of inflation as governments and central banks turn on the stimulus taps, and a digital payment method that promises to go mainstream.