Fear & Greed Index Shift, El Salvador Leads Bitcoin Accumulation Race
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In this episode of CryptosRUs, George delves into the wild world of cryptocurrency with the fear and greed index making a dramatic shift to fear for the first time in ages. This change triggers a frenzy of liquidations and the lowest funding rate seen since 2014. Market makers are on a rampage, wiping out traders left and right as the market hurtles towards the coveted $100,000 mark. Meanwhile, a global race for Bitcoin accumulation is underway, with El Salvador leading the charge by ramping up their daily Bitcoin purchases and aiming to break free from traditional financial institutions like the IMF and the World Bank.
President Bukele's bold Bitcoin strategy could potentially lead to a massive stockpile worth billions, setting the stage for a new era of financial independence. Not to be outdone, Hong Kong and other countries like China and Russia are eyeing the creation of their own Bitcoin reserves, signaling a seismic shift in the global financial landscape. South Korea and Japan are also making waves in the crypto world, with discussions around the need for Bitcoin and Ethereum ETFs gaining traction. The allure of cryptocurrencies is undeniable, with top-tier countries around the globe vying for a piece of the action in this exhilarating race towards digital wealth and financial freedom.
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Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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