Bitcoin Weekend Bungee Dive
Bitcoin is starting Saturday morning at $66k. With the sell everything mood, the only thing which market players can sell or buy at the weekend are Crypto's.
With the world now in extremely fear situation, likely Crypto's are going to bear the worst these next two days.
On the positive, one can hope there will be a rebound on Monday. But this is not likely to happen.
I fear the market rot is happening and all recent hype themes will be the first to crash. Especially those of imaginary values like Crypto's. The only thing that will perform worst are thise instruments that use the "treasury" story to value themselves. These are mostly and essentially ponzi schemes.
Get out fast of these if you are holding. Nothing will be left of them when the dust settles.
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