Founders: Something is up with BTC and ETH
Today:
The last 3 days have seen a marked uptick in Crypto info. We don’t know what the motivation is yet, and do not think the reports themselves moved BTC lower, but their existence is not a coincidence. Something is definitely up. Compared to Gold, which has a lot of this type behavior, BITCOIN and ETH can be much worse. Less regulation, new product, nations positioning themselves as lovers or haters…..and market reacting to reports in ways somewhat contradictory.
Right now, we do not know what is next, but the front runner on the next news item is .. some big CBDC type announcement which will cause crypto volatility. all related to Fed Now pilot program launch. Here’s our March and April pieces related to FEDNow’s launch
