QUANTUM ADVANCE THROWS MONKEY WRENCH IN THE PLAN TO TRANSFER MONEY FROM TAXPAYERS TO BITCOIN HOLDERS
By Nigam Arora & Dr. Natasha Arora
To gain an edge, this is what you need to know today.
Quantum Risk To Bitcoin
Please click here for a chart of bitcoin (BTC.USD).
Note the following:
- Expectations were for bitcoin to move to $125,000 after it crossed $100,000. Instead the chart shows a big red candle and bitcoin falling below $100,000. The trigger for the fall was two fold:
- Developments in Syria. Please see yesterday’s Morning Capsule for details. Even though bitcoin promoters claim vigorously that bitcoin is a hedge against geopolitics, the hard data is that bitcoin is not a hedge and is negatively impacted by geopolitics.
December 10, 2024