I've always been suspicious of those "Crypto Went Up/Down Because and Only Because X Happened" articles that CoinDesk still seems to have a lot of. In this case, I'll definitely agree with DZM that it's likely that "45 is alive" (to the voice of Short Circuit) was related somewhat to the rally. Especially as 45 was/is also going to be at a Bitcoin conference and he's had his recent pro-crypto remarks (which DZM rightly reminds us are about as believable as anything out of the mouth of a pathological lying, narcissistic psychopath--but of course I'm not talking about a pathological lying, narcissistic psychopath /per se/--I'm just saying neither should be believed).
But, to me, the only macro effects that seem truly influential to the price of BTC going up are interest rates going down (or likely going down soon) and tech stocks (particularly risky tech stocks) going up, though the latter is likely correlation not causation.
If anything, it seems as the former two conditions were in play for quite a while, and a rally should have already happened by now. This is likely why the gambler from Galaxy lost so much on his leveraged (likely long) bets. But the Crypto Goes Down Because stories of Mt Gox imminent repayments and Germany BTC sells just didn't seem compelling enough to me. (And if they were true, well, Germany transferred the last of its BTC to an exchange right before the rally, which then negates the 45 angle.)
I suspect that the reason the rally stalled was an entity with a LOT of BTC was in hot water and needed something less trackable and more functional than BTC and was selling. Take your pick between CZ, Justin Sun, and Tether. But we'll never know because forget Tornado, the real obfuscator of funds flow are sketchy centralized exchanges, which of course they have very clear access to. (I don't think Sun's offer to buy BTC from Germany was ever serious. Germany would never have said yes. If anything it smacks of Ellison saying everything is great, we'll buy your FTT.)
Regarding Bitconnect, I have said before I think Crypto Crooks was phenomenal. What's most criminal, though, was how little promotion / page prominence it got during the time on CoinDesk (as oppose to aforementioned Crypto Goes Up or Down Because articles).
Lastly, per my previous comment about Freud, I found the mention of Jung in the final paragraph of the Kessler article, well, very weird. Jung is just as full of it as Freud. The "anima" referenced in that paragraph was first introduced by Jung after I think he had some self-professed occult-like god transformation per https://www.hgi.org.uk/resources/delve-our-extensive-library/interviews/mysterious-jung-his-cult-lies-he-told-and-occult . The amount of EA similarity with Freud and Jung (the latter being a favorite of a Rockefeller, per previous link) is staggering. A new Gilded Age, I guess, means a new chance to peddle some philosophy to help the rich sleep at night on their big piles of money.
I've always been suspicious of those "Crypto Went Up/Down Because and Only Because X Happened" articles that CoinDesk still seems to have a lot of. In this case, I'll definitely agree with DZM that it's likely that "45 is alive" (to the voice of Short Circuit) was related somewhat to the rally. Especially as 45 was/is also going to be at a Bitcoin conference and he's had his recent pro-crypto remarks (which DZM rightly reminds us are about as believable as anything out of the mouth of a pathological lying, narcissistic psychopath--but of course I'm not talking about a pathological lying, narcissistic psychopath /per se/--I'm just saying neither should be believed).
But, to me, the only macro effects that seem truly influential to the price of BTC going up are interest rates going down (or likely going down soon) and tech stocks (particularly risky tech stocks) going up, though the latter is likely correlation not causation.
If anything, it seems as the former two conditions were in play for quite a while, and a rally should have already happened by now. This is likely why the gambler from Galaxy lost so much on his leveraged (likely long) bets. But the Crypto Goes Down Because stories of Mt Gox imminent repayments and Germany BTC sells just didn't seem compelling enough to me. (And if they were true, well, Germany transferred the last of its BTC to an exchange right before the rally, which then negates the 45 angle.)
I suspect that the reason the rally stalled was an entity with a LOT of BTC was in hot water and needed something less trackable and more functional than BTC and was selling. Take your pick between CZ, Justin Sun, and Tether. But we'll never know because forget Tornado, the real obfuscator of funds flow are sketchy centralized exchanges, which of course they have very clear access to. (I don't think Sun's offer to buy BTC from Germany was ever serious. Germany would never have said yes. If anything it smacks of Ellison saying everything is great, we'll buy your FTT.)
Regarding Bitconnect, I have said before I think Crypto Crooks was phenomenal. What's most criminal, though, was how little promotion / page prominence it got during the time on CoinDesk (as oppose to aforementioned Crypto Goes Up or Down Because articles).
Lastly, per my previous comment about Freud, I found the mention of Jung in the final paragraph of the Kessler article, well, very weird. Jung is just as full of it as Freud. The "anima" referenced in that paragraph was first introduced by Jung after I think he had some self-professed occult-like god transformation per https://www.hgi.org.uk/resources/delve-our-extensive-library/interviews/mysterious-jung-his-cult-lies-he-told-and-occult . The amount of EA similarity with Freud and Jung (the latter being a favorite of a Rockefeller, per previous link) is staggering. A new Gilded Age, I guess, means a new chance to peddle some philosophy to help the rich sleep at night on their big piles of money.