Story: Bitcoin BTC Sold To Put Fiat Into Pockets Due To Hassles Caused By COVID-19

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Bitcoin Selling "Our Money Our Currency"

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Bitcoin was $12 at the first halving and $652 at the second, and we are now awaiting the third halving in 44 days.

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Making money with Bitcoin is about going long on the bottom and going short with each top.  Trading can be as simple.

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Several big businesses and banks are likely to get bailouts.  The idea of HODL is about delayed gratification.

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One of the Twitter read thus:  "The US Federal Reserve's balance sheet increased $586 billion to a new record of $5.25 trillion last week.

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Sydney Ifergan, the Crypto Expert, tweeted:  "The world will now wake to the reality of Bitcoin.  The price of the BTC is getting tuned.

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Many people are going to sell their Bitcoin to put some fiat money into their pockets due to the hassles caused by COVID-19.

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Just like Gold, the USD will be valuable only for as long as the fiat is limited in supply.  When they begin to print, the story is different.

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Peter Schiff tweeted: “#Bitcoin bugs criticize me for recommending #gold because anyone who bought at the absolute high is still down 14%.

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Bitcoin has been outperforming Gold in all standard time periods and most of the calendar years ever since the coming of the Bitcoin.

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Donald Trump recently stated, “Well, there’s that. “It’s our money. It’s our currency.” We can do whatever it takes.”

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Peter Schiff further stated, “More miners will likely shut down after the Halving when mining rewards are cut in half.”

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We need to wait to see how reality unfolds.

The Currency Analytics

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