Congress Talks Bitcoin - E176
What a great week for Bitcoin. Congress grills Libra and talks bitcoin. Price is strong, but with a bit of downside risk. Altcoins continue to decouple, as they can’t keep up with bitcoin. As time goes on, the silly narrative that bitcoin is used for illicit exchange is going to explode in their faces.
On the macro side, the price of oil is dropping, so queue Iran FUD. It all comes down to the Fed at the end of the month.