Yesterday, the crypto market’s Bitcoin Fear and Gear Index returned to 74, back in the greed zone revealing that the queen of crypto BTC doesn’t fear anymore.
Bitcoin Fear and Greed Index is 74 – Greed pic.twitter.com/Rash4c5WxT
— Bitcoin Fear and Greed Index (@BitcoinFear) August 8, 2021
The bullish trend of the bitcoin price over the weekend was very much appreciated by the crypto market, so much so that 3/4 of the entire community shared the attitude of greed, rather than fear, about the continued price increase.
And indeed, after BTC’s pump that last Friday had it back at $40,000, the price swing between Saturday and Sunday was then in a range of $43,000 and $45,000.
As a result, many famous players in the industry have expressed their thoughts on the matter on Twitter, confirming what the Bitcoin Fear and Greed index revealed.
Bitcoin Fear and Greed: considerations of crypto actors on the BTC price
Scrolling through the social network of crypto-lovers, it is easy to find a series of tweets confirming the greed phase.
“No power on earth has a right to take our property from us without our consent.” – John Jay on #Bitcoin
— Michael Saylor
(@michael_saylor) August 8, 2021
“No power on earth has a right to take our property from us without our consent”. John Jay on Bitcoin
The CEO of Microstrategy, Michael Saylor brings up John Jay’s quote on Bitcoin, after he stated just last week in an interview that Bitcoin is the future of property.
The Winklevoss twins, co-founders of crypto-exchange Gemini, have also spoken out on the subject, albeit in a different way. Indeed, while Tyler Winklevoss preferred to directly hype the price of BTC by tweeting:
“Bitcoin hit 45k, next stop, 50k”.
Cameron was more reflective.
#Bitcoin and crypto is no longer a niche group. We are a movement of tens of millions and growing. Our industry will be the dominant economic growth engine this century. We care about the future that we are building and we’re determined to have a seat at the table.
— Cameron Winklevoss (@cameron) August 8, 2021
“Bitcoin and crypto is no longer a niche group. We are a movement of tens of millions and growing. Our industry will be the dominant economic growth engine this century. We care about the future that we are building and we’re determined to have a seat at the table”.
Senator Cynthia Lummis of the Republican Party, elected in Wyoming, also expressed her opinion.
We should ensure that people aren’t trying to avoid taxes by sheltering their money in digital assets, but we can do that without stifling innovation and choosing winners and losers.
— Senator Cynthia Lummis (@SenLummis) August 8, 2021
“We should ensure that people aren’t trying to avoid taxes by sheltering their money in digital assets, but we can do that without stifling innovation and choosing winners and losers”.
Lummis is an established bitcoin holder. Earlier this year, Lummis said in an interview that there is still a lot of work to be done in the US in crypto, although she is quick to want to educate her colleagues on the value of the digital asset that bitcoin represents.
The post The Bitcoin Fear and Greed index returns to 74 appeared first on The Cryptonomist.
