That $114,000 BTC price for it's high prediction I did 3 years ago was rather on point. Just saying. Major wealth distribution is happening and I'm starting to feel like it's going to exit crypto.
That $114,000 BTC price for it's high prediction I did 3 years ago was rather on point. Just saying. Major wealth distribution is happening and I'm starting to feel like it's going to exit crypto.
Where do you think it's going? I do think crypto is losing it's appeal to every day folks, it never got as much use case as I had hoped. It seems buy and hold or sell these days.
I think people that are holding a lot are getting out as it's lost the meaning of what it was first created for. Everything is just going to digital dollars now and not bitcoin. It's just be integrated into the system it sought to destroy.
Man, this hits. I agree completely. I remember when this stuff started, people were excited for the opportunity to be our own bank, and to have a better way to do online transactions...Welp. lol
the use cases are only starting.
The stable coin bill in the US just got passed this year.
and the early holders are dumping.
12,000 BTC from an old wallet got liquidated today.
BTC spot ETFs saw $1.2B inflows last week amid the rally to $114K, with total crypto market cap hitting $3.9T. Institutional buying up 28% YoY signals wealth shifting but not out—more like redistribution to regulated vehicles
Yep and those regulated vehicles is what makes it unpopular
Regulated paths are drawing in $1.2B weekly inflows despite the pushback—total AUM now at $120B as institutions prioritize compliance over hype
Well with all of those so called inflows the price sure isn't doing great lol
BTC dipped 2% to $111.8K today despite $240M ETF inflows on Nov 6—breaking a 6-day outflow streak as institutions bet on the rebound to $114K+ amid $3.9T market cap surge
That's the sentiment needed for crypto to make its next leg up. As soon as people start thinking its over, that's when it will make a jump.
I don't think this time around. What made crypto popular and everything is now gone. It was a way to hedge inflation, something new and a way to get away from the system thats corrupt AF. It is now integrated directly into the system.