What is your thoughts about the Bitcoin pumping?

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I have so many thoughts in my head about why Bitcoin is currently pumping which am going to share but it would be wise not to FOMO in yet, let's wait and see if Bitcoin price will retest the newly broken resistance level at $46k, if it does and gets rejected by the former resistance level, then that level turns to support, which will continue the pump but that aside, Bitcoin is pumping because the on-chain volume is growing as more people have seen the benefits of Bitcoin and Crypto and how it has helped mostly the Ukrainian and Russian, both citizens and government during this war, as their bank are slacking because of the war, Bitcoin and Crypto was there to pick up the slack, hence more people got to know about Bitcoin and Crypto, the adoption rate is growing more and more as people are now buying rather than selling.

And the NFT bull run is coming to an end and it's time for the cryptocurrency money to flow back to coins or tokens. Also adding the billions that Do Kwon is pumping into Bitcoin, Do Kwon The Chief Executive Officer and Co-founder behind the Terra blockchain, who has recently added about $135 million into Bitcoin in four different purchases on Monday, the Singapore-based Luna Foundation Guard data shows that the Bitcoin address holds about 27,784.96954740 Bitcoin, Do Kwon also confirmed to Bloomberg News that he has pumped in more than $1 billion into Bitcoin, since the beginning of the year.

We all know Bitcoin has a limited supply of 21 million to be ever mined, and 19th million bitcoin will be mined this week, putting stress on the limited supply of bitcoin, and that my friends could be another factor that pumped the Bitcoin price, and if Bitcoin continues to pump like this we might end up entering a proper bull run soon. Bitcoin needs to keep going and possibly cross $60K, which will bring forth the altcoin season. Right now people are gradually FOMOing into bitcoin because of the price pump, which means more cash flowing into Bitcoin and also altcoins in anticipation of the bull run of the firm behind the Terra blockchain, who recently added millions of dollars into Bitcoin as I have said above.

Also because we are entering into the environment Bitcoin was created for. A hedge against geopolitical tensions, stagflation, counterparty risk, and monetary censorship. It took 14 years, but I think Satoshi Nakamoto the founder of bitcoin, which offers people an opportunity to attain financial freedom would be proud now. The Russian stock exchange will open today and investors can trade all stocks as usual. So I bet they are prepared for Today. Bitcoin to $100k hopefully soon.

Bitcoin hasn't seen $46K since January 5th this year, this is a clear bullish sign or something, Bitcoin also made a Higher High, when it broke the $46k resistance mark, what an amazing run Bitcoin has had this week, let's see how it play out if we would see a $50k Bitcoin price at the end of the week.

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