BMR for the 12th June 2021 - Is reporting the positive bias?

As I been doing my screen shots and reading some daily Bitcoin news a few things popped into my head. The readings I was doing, how many are bias, not just what I said in my title about reporting the positive but are the people that report and write about the bad the bears also bias for another reason? I find it an interesting thought.

So, I thought maybe I will only report the positive I find. I will try that anyway. Some of you might wonder why I write more about Bitcoin than Hive. I believe Bitcoin the predictor of all other coins and tokens. Not very often do we see Bitcoin go down and other tokens go up (it does happen). But usually the health of the whole crypto market is reflected in Bitcoin. At least for now. They may change in the future.

Two reports I read this morning. Of course I am going to link to them for your reading pleasure.

Bitcoin at $200K by Year’s End? Some Crypto Options Traders Make That Bet.

"According to data provided by Laevitas, the dominant cryptocurrency options exchange Deribit saw a total of 425 bitcoin call option contracts, with a strike price of $200,000 and an expiration date of Dec. 31, change hands on Thursday. That strike price is roughly five times the current level. "

What? Ya, read the whole article. But, basically it shows that even with all the negativity and bearish people out there, there are still good bullish people in the markets. Even if they are playing futures to make big bucks.

Jim Cramer: Be patient with bitcoin, approach the S&P with caution. Love him or hate him, Jim Cramer usually knows his stuff.

“The charts, as interpreted by Tom DeMark, suggest that bitcoin might take another month to bottom, while the S&P 500 could peak as soon as next week,” he said. “Considering Tom’s track record, that’s a good reason to be patient with bitcoin and approach the S&P with some caution.”

There we have it, the future for Bitcoin from what I read in what I think is good news reports, is bright. And as I said above, time for some positive bias. I also read some not so good reports but hey, I am not into that, I am into the future and we all know bitcoin is going up.

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Have a great day all.

Bradley