XJO - Bear Posts only (Factors which might cause the markets to fall), page-423

He is correct in what he's saying, but.

That was all true back at $10 a BTC $750 a BTC $3000 a BTC and $69000 a BTC.

It has been a great speculative "asset" but that's all it is, a game of musical chairs, you just have to hope someone wants to pay more than what you paid for it.

Just like when a penny stock goes from 5c to $2.50 without any "fundamentals" behind it, just air and future promises of return.

That is the very nature of speculation.

Investment at least from a "professional" standpoint isn't about speculation.

This is why the bond market moves first, investment grade assets are not the same as these "funds" that get some capital together and run stocks up.

You could have "speculated" on $TSLA at $50 a share when they were setting cash on fire, but that was not "investing" and investment grade assets don't have "fully sick" returns of 1100%.

Investment banks by nature force assets lower to "accumulate" and move markets higher to "distribute" what they are holding, it's not some "conspiracy theory" or secret.