Over the weekend Elon Musk announced Tesla would once again accept BTC as payment for his ugly cars once there is sufficient evidence that coal isn’t being used to mine. On this news, cryptos have been flying ever since, led by BTC. As a result of cryptos running, equity proxies for cryptos are in play, such as MSTR, MARA, RIOT, EQOS and the rest of the gang.
I could go many different ways from here and talk extreme shit about Elon and even worse the people who are now buying BTC based upon his caprices — but I will not. The fact is, as far as I am concerned, cryptos are a fine buy down here and should be considered attractive for the foreseeable future.
Sure, there are mentally addled people buying CUM ROCKET and we can never truly get rid of those people. Even after they bankrupt themselves — they’ll come back in another form to do injury to themselves once again. In every booming market, there are always clowns to be-clown themselves.
Alas, I feeeeeel ETH is a supreme buy here and at any price under $3k. Also, and this goes without saying, I feeeeel it will double from now until Xmas.
As for markets, oils and crypto proxies look best — although I am hopeful for more follow through in other names aside from AMC — which I sold today for gains.If you enjoy the content at iBankCoin, please follow us on Twitter