I don’t understand Bitcoins and have never liked the idea of them. Rumours from China indicate that it may be possible to crack their codes using AI and super computers:
According to CoinGecko, Bitcoin traded around $87,319 intraday, down about 4% over the past 24 hours and nearly 13% on the week, after falling from highs above $103,000 just days ago.
Bitcoin’s quantum reckoning may still be years away, but the fear has already arrived.
The bitcoin cycle was so supposed to go into freefall over a year ago.
Trump’s administration propped up BTC.
I do not know if the Chinese have hacked it. It will be hacked.
BTC will be worthless. But on this down swing, when the “experts” say $10k, the shorts can hold till relieved. Meanwhile, the smarter shorts will cover sooner.
Suggestions in the financial press are always dishonest and self serving.