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54 sats \ 2 replies \ @Cje95 OP 9 Apr \ parent \ on: Only 1% of consumers still think Bitcoin is a passing 'fad' bitcoin
That is interesting as it would seem to lead to the idea that the cycle would be over and BTC is doing its huge dump and I just don't see that being something that would occur with institutional money like Blackrock getting into the space... Since BTC started the year at roughly $38.5k these people are banking on it being half of the value from the start of the year??? I just do not see the logic in that given all of the "new" money flowing in from the traditional banking sector.
Same -- it would be weird if all that new money took a giant L, which is what would be required. I think we're at the spot where only massive institutional collapse or government attack could do it. Those aren't impossible, and in fact the latter is inevitable, but I'd be surprised if it was this year.