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Why do some people call today's pump a fake pump??
This is just an example of many comments I have been seeing today.
To Good To Be True
Yes it's inspired by the Ruble crashing....but I assume that the people thinking it's fake do not expect it to last.
So is this pump to good to be true?
Personally I don't agree with that philosophy, simply because the sanctions just started. Which means it's probably gonna get worse before it gets better...
Meaning that more Russians will swap their deteriorating Rubles for something more stable. And as gold is not really widely available, swift block is blocking the flee to the dollar ??, there are few options left.
BTC due to being decentralized will be available and more stable than the Ruble. Therefore I expect to see a continuous inflow of Russian money into the crypto market. Or at least as long as these sanctions will continue.
Of course, it will not be as crazy as today, but I expect a continuation of the uptrend that we have been seeing since Friday.
Just like many others I didn't expect this uptrend when the invasion started, but then again it's not the first time the crypto market does the exact opposite of what the majority expected.
So please feel free to leave your comments and call me an idiot for believing the pump is real(ish), but whatever you do hit that like button before leaving me?
Other related articles
I like a good Conspiracy Theory - But that Russia is attacking Ukraine to buy the Dip is INSANE
Bitcoin at 45K - Is the Ukraine crisis proving that BTC actually works?
