by iLoveStableCoins
Here is my Ph.D. level explanation after nearly 75 years of research- people are not excited about $38k because now it means that most buyers are in the red. Excitement in ponzis persists when everyone is in the green, so these two points are just on opposite sides of the ponzi curve.
Full disclosure: I hold fiat. I drive a fiat. I get weekly payments from the Federal Reserve and am fully vaccinated.
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