Bitcoin Tops $24K, Setting New All-Time High
coindesk.com
coindesk.com
The price action is starting to look like 2013 or 2017, but this time the driver seem to be institutionals and large investors.
> starting to look like
> seem to be
I mean, maybe, but it'd be more substantial if you could explain what you base those on or what you actually mean. Otherwise it's as good as scapulimancy .
There are many indicators to support and disprove this hypothesis. Markets are just social constructs, so evidence based approach doesn't work that well. So yeah, scapulimancy but with a touch of self fulfilled profecy, which makes it much more interesting.
$100k would not be an entirely unexpected milestone sooner rather than later.
That's what "cashing out/in" means. Converting your investment into necessity, want or vice. No one desires investment vehicles. They desire using the investment vehicle to purchase a future item they can use.
Bitcoin exists primarily as something people buy in order to hopefully sell to someone else, all with the underlying value intangible and arguably nonexistent beyond scarcity.
I have no idea what "driven by bots" means.
“In our long-term study of bitcoin, we had compared bitcoin correlations to traditional asset classes and now see another interesting recent trend with its volatility,” according to Gurbacs. “In our current volatility research, we compared the 90 day and year to date volatility—as measured by their daily standard deviation as of November 13, 2020—of bitcoin against the constituents of the S&P 500 Index. We found that bitcoin has exhibited lower volatility than 112 stocks of the S&P 500 in a 90 day period and 145 stocks YTD.”
https://www.etftrends.com/alternatives-channel/bitcoins-vola...