Bitcoin will be sold like crazy to cover for margin calls and losses if at all the market crashes.  When pointing to how the BTC naysayers feel about the price being too high, it is indicative that those who are watching BTC grow just feel like they should have bought more.

Elon Musk recently stated, “Money is just data that allows us to avoid the inconvenience of barter.  That said, BTC & ETH do seem high lol.”

Bitcoin has a noteworthy market cap and it is getting increasingly harder for the big boys to be able to ignore it any soon.  Many investors are bullish, but they are not bullish enough and the gold market cap might get flipped very sooner than one can anticipate.

For those who can understand, in the old world your money loses value, because governments debase currencies to fund their warfare and welfare state. In the new world, Bitcoin increases in value, because Math caps the monetary base at 21M BTC. The new world is eating the old world right now.

Reportedly, it has taken 2000 years of monetary history to arrive at something called Bitcoin.  And, slowly BTC and its reign will become a part of the history of money.

When talking about naysayers and supporters, someone stated:  Everyone has, should and is entitled to opinions. Anything could have happened and still could happen. What is real is that Bitcoin is 50K?

And, it is very easy to come across critics who say:  Crypto is mostly worthless, but that doesn’t mean it can’t inspire prolonged mania. It’s eventual demise will come since it consumes more wealth than it produces.

Another criticism goes like:  The enthusiasm about BTC began with covid-19 and it will end with it.

Despite what who has to state, it is past $5X,XXX at the time of writing the news.  Despite the offences and defense, the asset continues to grow.   The asset is attracting new investors who are pushing the price way up.

For now, what creates the value for Bitcoin is the demand created by the sentiment and interestingly, the sentiment created demand factor is pushing stuff up and up. The FOMO is catching up as the price goes up.

Is the Bitcoin market getting over heated to the level of losing leverage? Whether we believe it or not, the crash repeats it is just about when it might happen.  History has always proved this.

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Thank You,

The TCAT team.