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Bitcoin: This Time Is Different!
As opposed to the grassroots movement it once was, institutional fund flows primarily drove Bitcoin’s (BTC-USD) most recent bull trend. In 2020, the US Federal Reserve lowered interest rates to 0 and provided over $2.3 trillion in loans to support the economy. This, combined with Covid-19 stimulus checks given directly to citizens, worked to funnel billions of excess liquidity into the crypto casino.
BTC:USD – 2W (TradingView)
With Bitcoin’s unraveling…
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