Dan Held shared: Why is Bitcoin surging right now? It’s surging because citizens across the world are waking up to the fact you can’t trust your government with your money.
Community Response:
Nope, it’s surging because on 10th March eBay will announce that they will start to accept crypto payments.
That’s 100% not why it’s pumping ha ha.
Tomorrow it is shorted by the whales of 10-10K wallets they do this already for 2 months.
Bitcoin only surges to lure in new bag holders, then it gets shorted. Haven’t people figured this out yet? I have no idea where sustained “organic” growth is going to come from.
BTC as the oldest crypto is the most transparent & hardest 2 hide or launder. Sure it doesn’t have your name, but all tx is transparent on the block. This BTC pump is just liquidated shorts. Maybe Russo banks & Oligarchs could be using it 2 shift funds, but they’ll easily be tracked.
First, the CDN truckers had their bank accounts frozen. Now, everyone can see it can happen to entire countries. Other entities are now in the crosshairs. Bitcoin and crypto can be the safeguard.
People should not be upset to get into Bitcoin too late, instead, they should be thankful for having a chance and thing to protect their money, freedom, and future!!
Canada and Russia have been unfortunate but effective endorsements of Bitcoin.
Why? What’s happened to us in Canada?
Because ECB and Fed just froze a large chunk of Russia’s 640 billion foreign reserves they can’t access now – Rubles they have an endless supply of and that buys BTC now to trade. So soon they will demonize BTC breaking sanctions!!
Like in Canada. Hey, that money you used to support what you believed in., ya it’s ours now. Because we don’t like your beliefs.
But #Bitcoin is NOT safe from governments — look at what Canada & US governments did.
What are you talking about? Canada and US didn’t do anything to bitcoin.
Nah, Bitcoin just follows the US indices.
It’s true, but 90% around me still think that their money is safe in their bank account. So Bitcoin is still early, then cheap.
Humanity is closing down its long position on fiat for the hardest money ever. Ps. I’m praying to baby Jesus that this severely dents CBDCs.
It’s about time la Cosa nostra (this thing of ours Crypto) rallies when traditional finance is in fear. That was the whole point! No FOMO. Trade safe.
I think once they are assured that citizens are choosing crypto over fiat currencies. Don’t you think that the state would pull out a financial emergency-seeking a ban on the entire crypto ecosystem? What is the way out in such situations? Genuine question.
Bitcoin’s existence relies on the Internet. Usually, the first thing that the countries cut off during unstable situations and wars is, guess what? The Internet! Gold and other valuable physical assets are what people buy in times of imminent crisis to keep their finances safe.
I completely agree. I also have been seeing US regulation crackdown on companies like Blockfi. Banks are pissed that they can’t compete. I am pulling some of my coins in cold storage to adjust for risk.
Fairly obvious run-on Russian banks. Maybe time for a rug pull on all the Russians pilling into bitcoin.
We Nigeria learned our lesson in 2020 when we protest against the government and we have all our money frozen I still laugh at those people who think they have money in the bank.
Steven is a technology-focused writer with a strong interest in emerging digital trends and innovation. With experience spanning both travel and online projects, he brings a global perspective to his reporting and analysis. His work reflects a practical understanding of how technology, markets, and digital platforms intersect, offering readers clear insights into developments shaping the modern tech and crypto landscape.
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