Bitcoin Crash: The 1 Factor That Could Stop It
Bitcoin is now without doubt the place to go if you want a haven. If gold had gone through the roof everyone would have pointed at Afghanistan as the reason. Gold did not go through the roof and here is the chart:
Remember, Afghanistan was the reason gold hit $2,000 back in 1980:
So to me, bitcoin’s sudden reversal from its crash has been driven by this and something much bigger and potentially worse:
Bitcoin bulls will just put this reversal down to institutional adoption, but to me bitcoin was two-thirds of its way on its crash when something turned it around. That looks over and any bear will look at the above chart and see a heavy fall ahead.
I do too, but the current social “clampdown” in China …
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