$TeraWulf (WULF.US)$ Wait for retreat before go in , bitcoin...

Patience3to6 commented on a stock · Nov 23, 2024 19:06

Wait for retreat before go in , bitcoin 100k is a psychological level

- The chart had been consolidating for almost 6 months and now started to breakout to the upside , from a technical perspective, that is a bullish sign

- Demand from institutional has been increasing

- US gov is eyeing potential of buying 1 mil Bitcoin over the next 5 years

- Senator Cynthia Lummis who's responsible for putting forth for a US strategic Bitcoin Reserve was on CNBC talking how the plan could be implemented without even printing any new money

- Strategic bitcoin reserve/stockpile where US would acquire and hold Bitcoin for 20 years because the way the Bitcoin has been appreciating since Inception. This would be an asset that would help shore up the US dollar as the world reserve currency and serve as reserve could be used to reduce national debt significantly

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Patience3to6

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