Within the last 24 hrs the biggest news on Aaron Rodgers is not Covid or him not being allowed to play on Sunday. It's that he just announced a partnership with Square and that he will be taking partial salary in Bitcoin.
Why does this matter? Bitcoin is currently seeing large inflows and mass adoption from financial institutions, governments, and hedgefunds. They are realizing the power it will hold in the future against rising inflation. By banning Rodgers from playing in one of the most anticipated games (Rodgers Vs. Mahomes) they are keeping the story of Rodgers Bitcoin adoption from the masses so that they can keep the price subdued to increase their positions.
Currently Bitcoin is sitting just under its All Time Highs, and we are seeing a price shock with liquidity drying up to 2017 levels. IE there is more demand than is able to be mined or bought. The big money needs time to enter without setting off their positions and sky rocketing price. They also need less news to keep the average retailer from catching wind of whats to come. (See PlanB's Price Model predicted the price of bitcoin 4 months in a row now)
The big players know they will only be able to subdue the price for so long. Look at China's attempt to ban it. The algorithm for mining was made for such an event in mind with its ability to naturally adjust its hash rate to keep bitcoin going and halving the total bitcoin mined every four years. Eventually they will not be able to stop the price from increasing. Mastercard and Visa are planning for this by building their payment platforms on ETH and banks are now opening up their acceptance to crypto.
Do not sell your bitcoin. It is energy incarnate and a deflationary asset. Expect to see more news coming this month as 98k is predicted for the end of November and 135k+ by end of year. The fed announced today that it will not be increasing interest rates until 2022 letting inflation run rampant. Supply shortages are here to stay, and we will be in the virtual soon where digital assets will be worth more than their real counterparts.
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