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36 sats \ 1 reply \ @south_korea_ln 26 Dec \ parent \ on: Trump’s Dollar Tantrums and Bitcoin's Rallying Cry? (FT, Eswad Prasad) econ
Yeah, a colleague who I consider intellectually much smarter than myself asked me recently about why I think BTC goes up at the moment. He seemed stuck on the Trump effect. I told him, for me, BTC was bound to go up. There is no other reason. At most, Trump was a catalyst in the recent uptick, but we're just at that bullish point in the cycle. Any good news would have had such effect. And in a bear market, any good news would have had no effect. It's annoying/amusing when each little change in price triggers media to try to find correlation with something that happened in the real world. Anyhow, I stopped him short, as I don't like talking about Bitcoin in the NGU context :)
I'm not sure I've used "NGU" anywhere else. I share your lack of interest in that aspect of bitcoin.
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