I don't care how much people say it's not, it is. Why? one word: money. There's just too much money involved for it not to happen, and god knows our governments can be bought. That being said, it's too risky not to do it, not to allow for Libra to happen. What if the US get's left behind?
You see, it's a race, just like going to the moon. What country, what world power is going to take the next technological steps? Will it be us, will it be china? Wait... I think China is already taking the steps. Oh wait.... we are losing already......
Well, you get my point, this is nothing, absolutely nothing in the big picture. As a matter of fact, those who are capitulating right now are helping. Why? Because more weak hands need to be shaken off anyways. The recent upticks have been to weak and too fast. The volume not being there, and most of the rally just being people exiting their alt positions tell us one thing: new all time highs are still far away.
I fully realize some voices on crypto just went bearish, and do not worry, I'm not joining them. I'm still bullish because this is obvious to me, this was obvious. As a matter of fact, if you follow Omar (
Libra is happening and BTC will benefit from it, I guarantee it. The easy ramp off/on will usher in the new digital age, and if the US wants to stay relevant, it won't stand in the way of this innovation. No matter how many Roubinis you throw at it, we can't afford to lose. Not with the geopolitical climate.
So my friend, don't get shaken off so easily.
MenO
