BTC moving upward in traditionally bearish September?
Rate cut tomorrow. Last halving year we started going up towards the end of September. Let’s see what happens. Lot’s of marco events could kick it up or down.
bitcoin is an index for global liquidity / money supply.
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Sorry mods 
but it is what’s happening today.
The guessing whats going on here is going to go nuts. Why as soon as bitcoin starts to move.
Can we not just enjoy a little good times without drama.
Not clear if they sold though.
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Only a guess by him they sold it and not just moved it to another cost centre as part of a reshuffle of the assets between companies. Price has gone up
Maybe he is trying to manipulate the market himself
He met with Howard Lutnick from Cantor Fitzgerald 2 days ago.
Cantor is super bulish on bitcoin and are launching bitcoin lending.
The coincidence is just too great.
What great advertising for the product if Tesla got involved.
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They moved all to legacy P2PKH addresses which is odd and hints for a simple re-organisation to me. Let’s see how this develops. I seriously doubt anything will be sold but with Elon you never know…
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So not being sold.
Price is still up from the time of Vivek’s attempt to drop the price. It didn’t work Vivek
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Yes, 1 M later 100k
Next year target 250k ?
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There is typically a mass correction waitings in the wings, I don’t think this time will be any different.
I think we could see $345K (that’s a technical analysis target) next year. After that I think it could get really insane and really, really ugly.
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There is a point when it just gets too big as an asset class. I mean, there is only so much wealth to hoover up into bitcoin.
I’m not sure where that limit is, but surely gold is a reference point.
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Also a factor could be how many billions Tether team can print for I owe you notes before they get caught.
Yes, BUT… Imagine if you will BTC is at $100K and all those holding won’t consider selling until it gets to $1M. Under these condition all it takes is one person willing to spend $1M/BTC on a fraction of a coin for that price and the corresponding market cap will go to $1M/BTC. During a mania market cap becomes irrelevant. It won’t be stable or last long, but things can get really crazy under these type of conditions. I.e. there is a complete disconnect from any classic metrics like market cap. I’m being a little hyperbolic with my example, but you get the point. Economics is based on the rational trader assumption, which humans definitely are not. And of course the exact same principle works in reverse. The market cap can collapse by 99% without all the money needing to go anywhere. It simply requires people to mentally and collectively re-price what they’re willing to pay. Easy come, easy go.
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Well, sure… but how many more times is it likely to repeat? All manias come back to reality in the end.
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Is it crypto (and the exponential age) that is the mania or the fiat currencies around the world?
The crypto sector is perhaps massively undervalued , the entire market cap is less than the combined value of two Nasdaq components/shares (Apple $2.8 trillion, NVIDIA $2.7 trillion).
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Undervalued ? I have yet to see the first usecase of something actually useful that could not have been accomplished without blockchains, except for buying drugs on darknet markets.
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Also massively over-valued.
Replacing the ponzi fiat scheme is a pretty big deal when you think about it…
Check out the Dev Forum
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It would be if even a fraction of the worlds population would care.
But 15 years down the road you still cant buy anything real with crypto (yes, I know, every 3 months another tier 3 town declares themselves bitcoin city because you can pay for french fries or flowers at the local market but even in those rare instances that crypto is immediately converted to fiat).
We need 638 more financial crisises and world wars before average joe stops watching cnn and starts paying attention to what happens around them.