RATE Group | Infamous Bitcoin (BTC) Whale Says Crypto Traders Falling for Dangerous Fairy Tales
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Infamous Bitcoin (BTC) Whale Says Crypto Traders Falling for Dangerous Fairy Tales

27 May Infamous Bitcoin (BTC) Whale Says Crypto Traders Falling for Dangerous Fairy Tales

Posted at 05:40h in Bitcoin News by

A high-volume Bitcoin whale who goes by the name Joe007 says crypto traders are falling for fictional narratives about the crypto and traditional markets.

In a new Bitfinex Pulse post, the closely-followed trader lists several potential price catalysts that have captured the imagination of many crypto enthusiasts, including the Fed’s intervention in the monetary supply and Bitcoin’s third halving.

“So, you still believe in fairy tales such as ‘FED goes brrrrrr, hyperinflation soon’, ‘Tether printing to buy crypto’, ‘Halvening magically increases price’ and so on? Sorry, I can’t help you then.” 

The trader shares a link to an article by Jeff Snider, the head of global research at Alhambra Investments.

Snider says that the Federal Reserve is on top of the fiscal situation despite fears of inflation from rampant money printing.

“Powell said Sunday something specific about a digital money printer – and the media went nuts…

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