While insiders like Rep. Brandon Gill and Goldman Sachs buy Bitcoin, retail investors panic-sell as the price falls. The Fear/Greed Index sits near 16, and Washington moves the Clarity Act toward the president's desk.
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Interesting that insiders keep buying Bitcoin and crypto assets. This is Representative Brandon Gill just bought $300,000 of Bitcoin. He also sits on the House Budget Committee. Right now is the crypto market structure bill. The Clarity Act is looking to be done here before Thanksgiving into Trump's desk that he said he'll sign immediately. This is Brian Armstrong, the CEO of Coinbase. Another insider telling us that the U.S. will be buying a million Bitcoins very soon. They're also right now in Washington discussing all these crypto bills. Other insiders like Larry Fink, who runs BlackRock, continually talking about Bitcoin being an international asset not based on one currency and how great Bitcoin is. It's like Goldman Sachs just bought $1.7 billion of Bitcoin ETFs. Just in, US banking regulator says banks can now hold crypto to pay blockchain network fees, Bloomberg reports. I know the price keeps falling. I've been watching it. We've been floating in the extreme fear. Right now we're at 16 on the Fear/Greed Index. I saw as low as 10. This is lower than when FTX blew up, yet we have all this amazing news. Insiders continually buying this asset. It makes me think something's coming. I guess you can decide. Let me know down in the comments. But, uh, pretty interesting when all the insiders are buying and yet retail keeps panic selling.