It's like it was decided in a dark room with no cameras or microphones - before this cryptocurrency thing really takes off, we can't have these peasants getting rich from it.
There was also a lot of 'old money' that missed out on the first couple rounds. In 2017 they said it was nothing more than a bubble, when it popped they said 'told you so' and never looked back. While their backs were turned, crypto made them look foolish again.
Now, they want in, and magically they're getting the chance at last year's prices - somehow things always work out for this small group of people who happen to own the publications writing the stories that are scaring retail investors into selling.
Sounds like paranoia? A crazy conspiracy theory?
Well then, explain why as the average retail investor was selling - billions of dollars, along with valuable corporate and government resources continue to pour into the crypto market.
Moves that make no sense if it's truly a market in decline, and the people making these decisions are wealthy because of their track record of making profitable decisions at the right time.
So while so many people were convinced to sell - what were they doing?
MicroStrategy Bought $489 Million More Worth of Bitcoin...
Apparently, while so many average people were convinced to sell their small holdings, they looked at the same charts and said "spend another half-billion" full story here.
Bringing their total holdings to 105,085 bitcoins at a total cost of $2.74 billion, this firm with a publicly traded stock represents where Wall Street and crypto meet.
JPMorgan Chase is expanding their cryptocurrency services....
The largest bank in the US isn't acting like crypto is going away either.
A peek into JPMorgan's open job positions makes it clear, they're expanding their crypto-capabilities.
They currently process a massive $1 trillion+ in annual transactions, and what's catching people's eye is reference to a “New Payment Methods” team to focus on "Buy Now, Pay Later; Pay w/Points; cryptocurrencies, etc".
A Crypto Start-Up, Amber Group raised $100 Million at a $1 Billion Evaluation...
A company founded by a group of former investment bankers, the company now has over 330 employees across their offices in Hong Kong, Taipei, Seoul and Vancouver.
They're not having any trouble finding large investors who still want in to the crypto market.
Genesis Digital Assets is buying 10,000 more mining rigs...
Seeing a gap left by China forcing miners to shut down, Genesis Digital Assets has bought 10,000 bitcoin mining rigs from Canaan, a manufacture that specializes in the type of chip used for bitcoin mining.
Wasting no time - the order is supposed to be delivered by the end of this month. It's almost like they're expecting a rise in transactions, and soon.
3 US States are fighting for the crypto industry to make their state home...
In the last few weeks, 3 states that previously hadn't said anything noteworthy about cryptocurrency are now suddenly openly saying they love it.
Texas, Florida, and Illinois are all making the case that their state laws, and power grids are the most crypto-friendly.
Final Thought...
Perhaps the most interesting thing I noticed - right now it's easy to find someone who first bought crypto a couple months ago, having a total panic today and admitting defeat - they sold what they had. They're on every crypto message board or chat room.
What I can NOT find anywhere - A billionaire who recently invested saying they sold, or a corporation that invested in crypto or made moves towards their business becoming crypto-inclusive, saying they sold, or are canceling plans.
Not even one.
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