This is what rocket fuel for Bitcoin looks like...
Bitcoin has some serious macro tailwinds.
If 2018 provided a difficult macro backdrop for bitcoin, 2019 is proving to be the exact opposite.
Right now we have 4 things on the table that weren't there in 2018:
- Possible Interest Rate Cuts
- Possibly QE restarted
- Trade Wars
- Bitcoin Block Reward Halving (within a year)
Those things are like rocket fuel for the price of bitcoin and even better, none of them have to do with Facebook!
(Source: https://commercetools.com/blog/2019/04/01/mach-architecture-for-the-future-of-commerce.html)
We are in a very bullish macro environment for bitcoin, one that will be buoyed by the things mentioned above.
Until that environment changes, bitcoin will find it hard to pull back for long.
Stay informed my friends.
-Doc
What about our steem?
I wish I knew. What has been good for bitcoin, hasn't been good for altcoins, yet. It likely will be eventually though.
Bitcoin peeps sound like gold bugs for over 40 years 😂
Posted using Partiko iOS
Well they both are bought for some of the same reasons. Currency debasement being one of the main ones!
I would add the fact that people will trust fiat even less given the growing credit bubble that continues to happen!
Yep, but that has been going on for decades, the rest are specific to the current time period.
Go to the moon bitcoin
Posted using Partiko Android
And take steem with it!