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RE: Do We Have a Cryptobubble?

in #crypto5 years ago

Dear @juanmolina

Personally I believe in one theory that is strictly related to Binance and their current problems with US authorities.

Basically current situation does force US citizens to pretty much sell off all their resources kept on Binance and move their wealth elsewhere. So demand for BTC and few other major crypto is growing.

Of course that's just theory but I've heard someone on youtube "predicting" this kind of "wealth movement" the day when all current Binance issues started.

That's where current demand for BTC would be coming from. Apart of that it doesn't really feel like we're in any sort of bubble. We didn't even go through period of HYPE, FOMO etc. Market is still quite dead and investors are still full of distrust.

Great read buddy. Upvoted already :)

Yours
Piotr