I agree, the metrics are lining up for another run. The question becomes will the government let it happen. I can't help but feel that they are trying to do to bitcoin what they've done to gold and silver. Paper trade it into a set range. It will be very interesting to see what comes of this when some important players realize what's happening. Especially since, unlike those paper markets, everything is transparent on the blockchain. Could get a mega-parabolic run next....
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In my opinion, BTC is unstoppable at this point.
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I hope you're right. BUT, if governments can just print as much money as they want, what's to stop them from continuously shorting BTC and never having to pay it back? Think about it, if they have unlimited resources, they could short every buy order that comes in until the buying dries up. Then they could KEEP shorting until they drive the price down. As leveraged long players get stopped out, they can fill their shorts and, presto, a whole lot of buying got eaten up by "paper" shorts and the price didn't move. Now I have no idea how long they can get away with that or how much they can short without it showing up somewhere but...it is conceivable. Like I said, if they don't have anything to lose because they can just keep printing, then they don't have to play by market rules and can manipulate it. We'll see. I don't think it's quite high enough yet for them to get too crazy with it but I would expect something like this to show up in the next few months.
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Very interesting comment and I tend to agree. I feel like governments are already involved to contain this asset and undermine it. Hoping people will let it go.
Maybe this is a conspiracy theory. idk
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