Further to the point on "liquidity" but the fact that digital beanie babies are trading at $18k instead of $0.18 speaks to the point that there is too much liquidity and far too much risk appetite.
There is only one direction for unemployment to go at this point. If you lose your job tomorrow how long are you holding on to your crypto? Most of the crypto bros have limited savings so if they get laid off they are selling their crypto soon after.
Unemployment peaked at 10% in 2009, we are <4% right now. BTC will not trade up if unemployment increases, anyone that wants to take the other side of this can PM me and we can set something up.
There is only one direction for unemployment to go at this point. If you lose your job tomorrow how long are you holding on to your crypto? Most of the crypto bros have limited savings so if they get laid off they are selling their crypto soon after.
Unemployment peaked at 10% in 2009, we are <4% right now. BTC will not trade up if unemployment increases, anyone that wants to take the other side of this can PM me and we can set something up.