Last month, when I did my bullish Bitcoin Going to Blast post, folks must have thought they were at the wrong website. I predicated the whole thing on the simple BITO chart, which has, in fact, blasted higher.
The broader story can be seen by way of $BTC which is basically moving up thousands of dollars a day at this point. It’s like 2021 all over again.
I was curious what the Layered Chart of BTC and SPX would look like. It’s quite a study! They tracked very closely for years, but in early 2023 BTC fell out of favor. It is doing some serious catching-up right now.
And how do the former owners of FTX feel about this resurrection of the entire crypto space? I’ll let Barbara Fried’s face do all the talking on that one.
