2023 Future Forecast for BTCUSD is $12,000
Some basic knowledge about Bitcoin
See bullet points below
* It trades against the USD
* Encourages money laundering - No ID required
* Performs poorly when there's global uncertainty.
* Without Blockchain Bitcoin is worthless
* When there is global uncertainty, Gold and USD perform the best
* When the Fed prints money, BTC performs better from the weakness of the dollar
* When the Fed raises interest rates where we saw 4 rate hikes in 2018, BTC doesn't perform well
* BTC is good for international business because it eliminates the cost of exchanges
but when the US Dollar is low, international investors, banks, institutions, purchase large
amounts of USD to reverse it for future investments.
Some basic knowledge about Bitcoin
See bullet points below
* It trades against the USD
* Encourages money laundering - No ID required
* Performs poorly when there's global uncertainty.
* Without Blockchain Bitcoin is worthless
* When there is global uncertainty, Gold and USD perform the best
* When the Fed prints money, BTC performs better from the weakness of the dollar
* When the Fed raises interest rates where we saw 4 rate hikes in 2018, BTC doesn't perform well
* BTC is good for international business because it eliminates the cost of exchanges
but when the US Dollar is low, international investors, banks, institutions, purchase large
amounts of USD to reverse it for future investments.
Note
I will always be bearish with bitcoin until they establish branches where you must phyiscally appear in person and present several pieces of photo ID to be eligible for a bitcoin wallet. Way too many illegal corrupt transactions from the use of this fake currency.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.