Hamsters vs Wall Street, part 2

By 08/02/2021News
Morning Stock News

Gold  1814,44
(+0,19%)

EURUSD   1,2039
(-0,09%)

DJIA  31160,50
(+0,38%)

OIL.WTI  57,455
(+0,89%)

DAX   14055,50
(+0,01%)

In the first part we gave our opinion as to why the hamsters would end up losing to the Wall Street mob. Events over the last 2 trading days of the week have only confirmed our guesses. The stocks that the hamsters are holding in the longs have fallen hard. However, this group of traders still has a great opportunity to punish Wall Street.


BTC

BTC

Of course we are talking about bitcoin. The main difference with the stock market is that no one can cancel trades in BTC retroactively. Or banned. Or stop trading.
There are already 8 million people registered in the hamster group on Reddit. If they start buying bitcoin in a coordinated manner on cryptocurrency exchanges, even for amounts of $1,000 to $10,000 each, the following will happen.
The bitcoin exchange rate will start to rise sharply. And not just due to their purchases. Sellers, having learned from the bitter experience of hedge funds, will withdraw their offer to sell. And other big players and funds will join the buying, investing much larger amounts than the hamsters.
The value of BTC could reach any level up to $100,000 in a few days, burying bitcoin-shorting funds such as those on the Chicago Futures Exchange.
But it won’t even be about a few dead funds and their investors. The hamsters will prove that Wall Street itself has little understanding of what is going on in today’s realities.
Representatives of companies, funds, and regulators have unanimously stated that crypto is a bubble, has no value and is the province of geeks. In fact, it will turn out that the big hedge fund managers, who constantly criticized bitcoin, are simply ignorant of the issue. And they are dinosaurs who should be consigned to the dustbin of history. What’s more, they have overlooked the best investment of the decade. And perhaps the best investment of this century, without making their investors a huge amount of money.

07.45 Swiss unemployment rate for January
08.00 Industrial production in Germany for December


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