“You ain’t seen nothin’ yet!”
A nice approximate $740 range today in BTC … could use another 100+ days like
this to keep the IVIX fire going … when you consider the FED today pumped
almost $100 billion of “QE funny money” into the banking system, 10 years+ from
now where do you think BTC will be valued at? … [a helluva lot higher than today,
given 2 important facts; 1) the FEDS hate it, and 2) there only about 17,000,000
BTC in circulation, and there ain’t no more … take into account all the HODLing
going on, and the float is far less!]
Oil is basically dead in the upper 50’s, and it looks to me like it’s got nowhere to go
… if it rallies over 60, there are producer sellers lined up to sell, and if it drops
much, the geopolitical situation kicks in and people get scared … so it basically
sits and simply chops … add to that a somewhat high cost to trade, and there is
better opportunity elsewhere right now than oil.
… until tomorrow mi amigos … Onward & Upward!!
Have a great day everybody!
-vegas
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