in the 1980’s we had a saying “When the shoe shine boy gives you a stock tip get out of the market.” The market crashed, hard, in 1987. Right before that the froth was insane, grandmothers were telling to to buy specific stocks.
Im seeing that same degree of froth today with Bitcoin. Probably worse.
EVERYONE is talking about it. People in Reddit asking if they should take personal loans, mortgage their house and even foregoing a home purchase in lieu of BTC. It’s literally EVERYWHERE.
And then we have Michael Saylor. It seems that he just pulls predictions out of his ass with each one more outrageous than the last. This week it was “The most important number is 21. 21 Million in 21 years.”
The one reason why I’m holding my respectable position is because Trump media just raised $2.5 billion to buy BTC. I figure there’s no way he’s going to allow a loss and one or two right words from him, which I’m confident he’ll do, and it’s off to the races.
Thoughts?
