The Fed is printing money, Bitcoin is gaining faith; the U.S. government is loosening restrictions, and Bitcoin has become one of the few assets with an "official get on board ticket."
This is a victory for consensus, and also a concession of the system. In the past, we resisted the US dollar, and now we are filling the gap left by the US dollar. The financial status of BTC has quietly changed. $170,000 by the end of the year is the endpoint of a logical closed loop.
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The Fed is printing money, Bitcoin is gaining faith; the U.S. government is loosening restrictions, and Bitcoin has become one of the few assets with an "official get on board ticket."
This is a victory for consensus, and also a concession of the system. In the past, we resisted the US dollar, and now we are filling the gap left by the US dollar. The financial status of BTC has quietly changed.
$170,000 by the end of the year is the endpoint of a logical closed loop.