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Cryptocurrency is going crazy.
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So this week, Bitcoin's price reached $63,000 on Wednesday afternoon,
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the highest it's been since November 2021 and it actually went up
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43% in February alone.
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I didn't invest as you can tell.
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Did you say you sold 10 of them?
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Right? I forgot how much the amount was,
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but I sold, I pulled out,
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I got scared and so I didn't say I didn't hold,
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you know, all the diamond hands out there,
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Like imagine if you are in this game right now and you
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have money in there.
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You're freaking rich. Are you keeping this low key like those
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guys that win the lottery or what?
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I'm keeping a low key brother.
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You know how they say like,
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you know, they don't know the way.
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I mean, it's crazy cuz it's kind of like the GME
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thing. Remember a few years ago with Game Stop.
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So apparently like this Bitcoin craze is going so crazy that the
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exchange Coinbase began glitching thing.
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you know, they're like,
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you know. But in fact,
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Coinbase Ceo Brian Srong said they were prepared for a 10 time
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surge in traffic. But because it's,
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again, everyone wants to get in on this.
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The platform is just flooded with traffic.
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Well, it's just the peak.
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I don't know if maybe it's the wrong time to get into
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I was texting some people here at work and I'm like,
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sure I just like throw in like 1000 and see what happens
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Like do not know like we're going and I checked the
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socks and it's going down a little bit.
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Exactly. If they're going low,
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you have to take your chances.
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So people are asking why is the price for Bitcoin so high
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now? And apparently it might just be due to supply and
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demand. Some reports say that the sec approved a few exchange
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trader funds this year which were buying up thousands of coins a
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it kind of drove up the price right.
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And since Bitcoin only makes 900 coins a day,
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they were selling not enough Bitcoin to accommodate all the new demand
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Bitcoin is H half in,
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what's the right half thing?
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They're cutting it in half.
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I don't know. On April 20th,
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meaning Bitcoin block rewards will be cut in half.
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It happens every four years and it reduces Bitcoin supply.
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Meaning it could go up even higher every four years like leap
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Oh, a good call back to us.
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But yeah. Are you guys gonna buy into this whole
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Bitcoin craze? Do you guys already have Bitcoin if you have
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any suggestions for your boy?
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Because I wanna get in on this.
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Yeah. And let us know the best time.
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I'm clueless when it comes to Bitcoin and stocks and all
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investing. So, add to the,
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to the group chat I wanna learn.
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