Sunday 17th November 2024

F&G: 90
Price: $89-91k (or) £70-72k
Hashrate: 733 EH/s
Number of Reachable Nodes: 19137

The Fear & Greed Index has reached 90. This means that the market is very greedy for bitcoin and can be used as a signal that something is overbought and awaiting a correction.

People are greedy for bitcoin right now. Evidence of this can be seen in the amount of companies that came out this week and have begun holding bitcoin on their balance sheet. There has also been a big move in the US with some states taking the step to allocate some of their funds to bitcoin as well – and a quick glance on X shows that the word is spreading, as a Polish presidential candidate has also pledged to adopt a Strategic Bitcoin Reserve.

Trump triggered the game theory on this.

And its too late to put the cat back in the bag…

In light of this, we are probably going to see more of these developments in the coming days, weeks and months. Trump is set to be inaugurated January 20th 2025.

And the clock might be counting down on hyperbitcoinisation between now and then.

Do you have enough?

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