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Bitcoin swings: What’s next for the Crypto craze?
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Is Bitcoin a currency?

A currency is defined as a medium of exchange, meaning it allows parties to transact goods and services by accepting a common standard of value. Crypto comes from Kryptos meaning "to hide." This would mean it is a hidden transaction.
A currency must have four qualities, including: a unit of account, a means of payment, a stable store of value, and act as a single numeraire. To be an asset it must have cashflow or utility that can be used to determine its fundamental value.
The SEC has stated "“We believe every [crypto] asset other than bitcoin is a security." The European Central Bank has even went as far as declaring "that the fair value of the apex cryptocurrency is still zero." They also blame Bitcoins current rise on the "less financially knowledgeable retail investors being attracted by the fear of missing out (FOMO), leading them to potentially lose their money."
There is also the argument that Bitcoin is no longer decentralized since governments now own a large share of the coins with the US owning 90% of it.
My belief is that the US government started $Bitcoin (BTC.CC)$ because they foresaw it as way to save the future national debt. The largest owner of Bitcoin is unknown but owns 1.2 million Bitcoins they received at a price of .01c. The 1.2 million is the same number of Bitcoins that Congress has allocated for the US treasury to maintain in its account when Congress votes on the Bitcoin Act in 2025. Unless that is, if Trump doesnt make it an executive order. Maybe its just a coincidence. It isnt like the US controls the world markets and economies right?🤣 I mean I am sure it was pure coincidence that the US caused the highest inflation in history which drove up the price of Bitcoin. Or that one of the most hated administrations was coincidently in charge at that time also. Which caused people who hated Trump before to now him having the highest support of any president ever.
And people wonder why its called the secret currency. US government- 1. The world-0.
Since Im staying away from Bitcoin manipulation heres what I am buying this week:
$Autonomix Medical (AMIX.US)$ Has 3 big green candles and no price movement up yet. Plus its lockup ends Friday. Im in at 2.92. Will hold until 6.00. Or Friday. Could go as high as 13.00.
$Helius Medical Technologies (HSDT.US)$ Borrow rate doubled and has a deadline of February 5 to get back over a 1.00 or be delisted. Resistance is at 1.45 with 2.72 coming after that.
$BTC Digital (BTCT.US)$ Look for more upside with new administration this week. Should reach 17.00 before resistance makes it pull back.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Mcsnacks H Tupack
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