Market Update

Well my INJ buy was 2 cents from the bottom. The Ocean buy is up 10 or so percent and Bitcoin got a nice solid bounce. I know it may be very difficult mentally to buy when prices are dropping and everyone is very bearish like yesterday. But these are some of the best times to buy.

I haven’t seen that much pessimism in a long time, if ever. But like I said before you want to buy when people are extremely bearish.

Now, let’s talk about Bitcoin. Blackrock has been entering the game by purchasing MSTR. Their purchases are up 29,000 percent! Yes this is just paper but if you know anything about Blackrock they have been buying actual Bitcoin as well. They aren’t stupid. These people are the top of the food chain. They are the Fed. They are the central banks. They own the regulators. AND they are coming out with an ETF that WILL be approved because they control if it gets approved. So in essence it’s already approved before they even began the process.

The supply of Bitcoin is also the lowest it’s ever been on exchanges and this is because people are holding onto their Bitcoin for dear life. This is why I don’t think we will have an incredibly long drawn out accumulation phase that lasts for a year. From what I saw yesterday, this is going to be one lonely bull market coming up and the coins I have been accumulating should do absolutely fantastic.