Bitcoin: Price, News, and What the Hell is Going On
So, Bitcoin's "back," huh? Above $89,000, they say. Give me a break. It's like celebrating surviving a mild head cold after being flattened by a garbage truck.
The "Rally" and Other Fairy Tales
"Broad rally in risk assets," the story goes. Right. Sounds like the same Wall Street wizards who told us FTX was rock solid. Digital assets moving "in step with equities"? That's exactly what I don't want to hear. Bitcoin was supposed to be the antidote to this rigged system, not just another cog in the machine.
BlackRock's Bitcoin ETF saw inflows. Okay, great. So the same institutions that probably helped tank the thing in the first place are now buying back in? Color me shocked.
It's always BlackRock this, BlackRock that. They're not your friends, people. They're not here to "democratize finance" or whatever BS they're peddling this week. They're here to make money, and they'll happily bleed you dry to do it.
Liquidity's thin ahead of Thanksgiving. Well, offcourse it is. Everyone's too busy arguing with their relatives about politics to worry about crypto. And "volatility ebbing"? That just means the sharks are circling, waiting for the next feeding frenzy. I'm calling BS on the "bulls testing whether the worst of the drawdown has passed." They're always "testing." They're always "optimistic." It's their job to pump this crap.
The Fed's Magical Rate Cuts (and My Existential Dread)
Then there's the Fed. Oh boy. "Growing conviction that the Federal Reserve may soon resume cutting interest rates." That's the real kicker, isn't it? We're pinning our hopes on the same clowns who got us into this mess?
What happens when the Fed decides to hike rates again? Does Bitcoin suddenly nosedive back to $20k? Probably. And then we'll get another round of "experts" telling us to "buy the dip."
Honestly, I'm starting to think the whole damn thing is a giant Ponzi scheme disguised as technological innovation. Maybe I'm just getting old and cranky, but the more I see this stuff, the more I want to crawl into a hole and wait for the apocalypse.
And I keep asking myself, where is all this going? Is Bitcoin really going to replace fiat currency? Are we all going to be living in a crypto-utopia where governments have no power and everyone is free? Or are we just going to end up with a handful of billionaires controlling all the Bitcoin, while the rest of us are left holding the bag? I'm leaning towards the latter.
JavaScript Errors and the Impending Doom
Oh, and get this. I tried to do a little more research, and I ran into a fun little message: "JavaScript is disabled in your browser. Please enable JavaScript to proceed." Thanks, Internet. You're a real pal. Nothing says "decentralized future" like a website that won't load without enabling a bunch of tracking scripts.
Wake Me Up When It's Over
So, Bitcoin's above $89k. Big deal. Wake me up when it actually solves a real problem, instead of just creating new ones. Until then, I'll be over here, hoarding canned goods and waiting for the inevitable crash.