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Dont like Bitcoin because it's trustless? It's going to zero? Nope, BTC going to all time highs and well beyond soon enough. It may take another decade but fiat currency is going to be replaced. The boys that once trusted the system are finally starting to get it. M2 Money Supply of USD is ~$14 trillion. At 3% debasement rate (aka inflation), that means the loss of ~$420 billion PER YEAR in purchasing power. More accurately, the theft of this purchasing power from holders to printers (banks + gov). Greater than all other theft combined. This is US only, other countries thrown in the mix look even worse.
Bounced off the R1 pivot point. R2 is 16.06 . Likely get a gap fill above on this A2 or B wave @ 15.93 and then back down.
I assume these are technical indicators for GBTC. Probably useless - GBTC is a derivative, it doesn't trade on it's own technicals, it trades off of the price of Bitcoin. It's price should derive from the Bitcoin price, with (I suppose) variations in the premium depending on investor sentiment.
It may take another decade but fiat currency is going to be replaced.
Perhaps, but not by Bitcoin.
The problem with Bitcoin is ~75% of it is already mined and owned by somebody. Why would the powers that be want the holders of that 75% of already mined Bitcoin be the ones who benefit from the transfer of wealth from fiat to crypto?
If fiat is going to be replaced, it will be replaced by something other than Bitcoin.
But.....until the death of Bitcoin, it's a fun ride!