Ether, which was up 1.1% at two-year highs around $3,220, has risen at an even faster pace this month, heading for a 41% gain.
Anticipation is growing among market participants over the possible regulatory approval of spot ether ETFs, which has helped this latest rise in price.
OTOH, reports surfacing of big shorts
American ETFs are the end of the free concept of Bitcoin. It opens the door completely to ending anonymity and to US government and bankster domination.
The government failed to destroy it, so they took it over. While the world was terrified about CBDC‘s, they took over. Bitcoin will be a skin suit for government controlled digital currency now.
meanwhile, gold and silver have barely budged in the last 4+ yrs
There were tons of shorts at 53,000, they got liquidated in less than an hour
Bitcoin reminds me of Tulips, which were a mania at one time. Anything which is going up attracts speculators. Such as AI stocks Nvidia. Is something valuable simply because of limited supply? Answer is yes if it has unique necessity in commercial products. Such as Rhodium, whose price has rocketed up since it’s supply is limited and it is a necessary item in Catalytic Convertors.
JAMBOG!
Bitcoin breaks $57,000 as big buyers circle
02/26/2024 7:11:30 PM PST · by NoLibZone · 33 replies
Rueters ^ | Reuters
https://freerepublic.com/focus/f-news/4220232/posts
Reminds me of the original sunburst Gibson Les Pauls, those made ‘58-’60. For decades I’ve read how they’re overvalued, only boomers value them etc. When examples hit $50,000 decades ago, there were comments about fools and their money.
Go out and try to buy a decent, original ‘59 Les Paul.
I’ve been reading dire warnings about bitcoin forever, but people who invested just a few years ago look like genuises now.