What is happening in Bitcoin ?
Firstly the high court of USA give the government the right to sell 69K bitcoin worth 4 Bilion Dollar for refunding investors of a closed crypto company that was owning them
So the market is in fear if this happened at one shot bitcoin price will drop deeply rapidly
But letâs think about it
Do the USA government idiot? To sell them at once and kill bitcoin price ? While 35% of American people use cryptocurrency? They will damage 35% of their people?
Letâs think 4 bilingual dollar is just 0.0001% of bitcoin market cap so if this worst scenario happened this wonât be more than rapid drop that will rise again rapidly
Also donât forget that ETF of bitcoin can buy this 59k bitcoin coins and rescue the market and their holders
Bitcoin up to 70k very soon
