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The fed is printing so much because in a sense they're fighting deflation. Over time were getting less and less economic growth from each new dollar created. This means we have to print more and more to prop the economy up. But the economy needs propping up because of a deflationary environment which is highly problematic in a debt based economy. The problem is they have to keep printing to keep their debt system alive but at some point there's too many dollars and we get hyperinflation. The dollar as the world reserve currency is why confidence in the dollar remains and the fed can keep printing.

Have you tried the Strike app yet?

Does this affect users?

Blocks may take an extra minute to be mined, temporarily.

Other than that, Bitcoin is completely unaffected.

Criticizing JP Morgan as “master manipulators,” analyst Lark Davis shared his opinion on this projection by stating,

“There is not a market they haven’t manipulated … Now that the market is down they’ve of course become very very bearish. They’re putting out bearish predictions, saying that we’re going down to $20-25,000. And of course, at the top they were saying that we were going to go up to $140,000.”

He added,

“Now, if Bitcoin does go down to $25,000, and their initial prediction for $140,000 remains true, then surely you want to buy the $25,000 Bitcoin because we’re going to go up to $140,000.”

JP Morgan accused of Manipulation because of Irrational and Unfounded Bearish Bitcoin Predictions

is anyone actually surprised that jpm would pull a stunt like this?

we're talking about a company with a ceo that stated:

"I'm not a bitcoin supporter, I have no interest in it" - 2021

"if you're 'stupid' enough to buy bitcoin, you'll pay the price one day" - 2017

needless to say, it's not a surprise at all that someone who said "it's just not a real thing, eventually it will be closed" was trying to manipulate the market to drive down crypto.

I think time to time we need to remember this.

Satoshi didn't try to convince people how awesome Bitcoin is or would be. We don't neither. BTC will prevail no matter what. This is what makes it great.

If you wanna remember: https://bitcointalk.org/index.php?topic=532.msg6269#msg6269

Quote is from Buckminster Fuller, if anyone was wondering. He wrote the book Operating Manual for Spaceship Earth.

Binance  advises customers to close out all positions immediately.

Institutional are the least bearish segment at CME

Institutional investor sentiment towards Bitcoin is rising. Currently neutral.

I think they should just embrace bitcoin personally. 😉

https://www.reuters.com/technology/iran-uses-crypto-mining-lessen-impact-sanctions-study-finds-2021-05-21/

It uses electricity equivalent to 10 million barrels of crude oil each year for Bitcoin mining - around 4% of total Iranian oil

Iran generates 100s of millions in USD in Bitcoin - Reuters

Given the growth of Bitcoin this will prove to be a TRILLION dollar mistake by China - Michael Saylor

hashrate is the measuring unit of the processing power of the Bitcoin network and it's dropping recently due to shutting down the mining in China. But the bitcoin network is still working perfectly because the mining is decentralized, miners are everywhere.