The Bullish Case for Bitcoin

The-Bullish-Case-for-Bitcoin

Since the madness began 2 days ago.  88150 Bitcoin has been taken off exchanges.  No matter what happens it seems BTC is getting more scarce.  This is the backbone of crypto after all.

The last time reserves were this low was in March 2018, also during a bear market.  However at the time, reserves on exchanges were RISING.  Today, in a far more brutal global bear market.  BTC Price is 70% higher, and reserves are falling.

Eventually the FED will loosen policy or risk collapsing their own markets.  The printers will turn back on.  The next halving will come.  BTC demand will skyrocket. The writing is on the wall for 100K.. 200K.. and beyond.

The lesson from FTX, Celsius, Voyager, and Terra? Everything must be backed by Bitcoin and other audited liquid assets.  No bailouts here.

“The Times 03/Jan/2009 Chancellor on brink of second bailout for banks.” 
- BTC Genesis Block