So first a Chinese virus with 0.15% IFR brings down all Western economies, values and freedoms.
Then Evergrande, China's largest real estate developer collapses, prossibly bringing down China's economy.
#bitcoin Feb 2020 closing price (before covid): $8.5K pic.twitter.com/gNeEmEXwxi
Every company on Earth is sitting on a balance sheet that is normally cash and credit. Cash and credit are crumbling. I discuss how
#Bitcoin solves this problem in my interview with @Alex_fights of @BitcoinMagazine.https://bitcoinmagazine.com/culture/microstrategy-ceo-michael-saylor-interview-the-predator-prey-dynamics-of-bitcoin …
“When President Erdogan fired the central bank president in March, sending the Turkish lira plummeting against the dollar, Google searches for the term “bitcoin” soared across the country.”
The tighter politicians squeeze, the faster
#bitcoin and #ethereum both down 10% at the time of writing.
We will keep an eye these two, to see if the key support levels hold.
If you are disheartened by today’s price action, then zoom out a bit.
This time last year Bitcoin was trading at $10,900 and in 2015 was $230!! pic.twitter.com/affHv3Nm03