Back above 20K??? — @BitcoinBaby on read.cash

@BitcoinBaby 14 July 2022 more from that month

Back above 20K??? I am so confused, why if inflation goes up BTC goes UP? I thought it was a bear trap.... guess I was wrong. But then why does the trend go up after negative news?

+KT
+BCH

2 comments

@sp3ktraline 14 July 2022

Theoretically, people would be putting their money into Bitcoin in an attempt to fight inflation. Therefore, it would make sense. But you're right, we know that's not how the collective mind really works; it doesn't really think long-term. Likely a couple of whales making a play, or stocking up for a play to follow?
- @BitcoinBaby 14 July 2022
  
  Thought it was whale's yesterday but then today we should have drowned and indeed I can not believe that people all of a sudden saw the hedge against inflation in Bitcoin....but it looks like it