# FRIDAY MARKET MUSINGS

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Good morning on this Friday. Today, I give you some little musings. Nothing too long, nor too heavy, but just some things that I've been musing about. I've been seriously running out of time lately. There are simply too few hours in a day to be able to do everything I need and want to do. I've tried turning in on sleep for a while. Sleeping is just a waste of time, right? Well, you get the idea… that went well for 2 days and the third day I just about fell over. So that wasn't the solution either. I've just accepted it now, there aren't enough hours in a day and I have to prioritize what's important to me. What MUST happen and the things I WANT to do. That says a lot, what MUST happen happens, and in the time that remains I see what I can still do of the things I WANT to do.

# **The great pleasure in life is doing what people say you cannot do!** 
And probably the person who set Mt Gox's stolen Bitcoin moving again for the first time in years feels great pleasure.

# Flashback to 2014
It seems most likely that the Mt Gox hacker is active again after many years. In any case, 10K Bitcoin have been sent out of a wallet that was related to the hack. Where were they sent? Nobody knows. 2 wallets have been the recipients, of which 1 wallet received 3,500 Bitcoin, after which another 300 Bitcoin was immediately distributed from that wallet. What we do know is that 65 Bitcoin was sent to the HitBTC exchange. HitBTC has been asked to block these Bitcoins and ask the sender for verification. It is not yet known whether HitBTC will respond to this. The moving of this 7-year-old Bitcoins is certainly suspicious. 

We are also moving towards January 2023. And in January 2023 there is something planned that also has to do with Mt Gox. That's right, the victims of Mt Gox are supposed to receive their Bitcoin compensation in January 2023 after many years of waiting. 

Is it just a coincidence that just now that wallet is becoming active again?

# Russia's own crypto exchange?
Another party that seems to be thinking this way is perhaps somewhat unexpected. Russia is developing its own Crypto Exchange. Now you should not immediately take a very rosy view of this and, as far as we know, it does not have much to do with wanting to support Crypto developments. No, it has more to do with the fact that billions of rubles are now being lost for the Russian government because all crypto transactions mainly go through the Russian system. By developing its own exchange, which is of course placed under the management of the State Douma, that small problem can be solved according to the Russians. It could just start working, with which Russia can see some extra rubles in the state treasury.

# How is the market doing
Then continue with the current state of affairs in the crypto market. How are we doing? And what else can we expect? I actually always try to stay away from speculation, simply because I'm not a technical analyst, and have to rely more on my 'common sense' and intuition. There is a reason why I am not a trader! But even though I am not a trader, knowing what Bitcoin does and what the expectations are for Bitcoin is important.

Then we see that Bitcoin went into the Thanksgiving weekend in good spirits with a nice green opening candle. Unfortunately, today it's red again. Ah, well … I didn't expect anything else, to be honest. Now you might be thinking, "Oh God, there she is again." But joking aside, take a look at this:

# THE DOT.COM BUBBLE!

Crypto is currently following exactly the movements of the dot.com bubble so many years ago. And if this continues, then this has not yet been the bottom. I'm not going to tell you where the bottom should be. At the moment, there are very similar movements in the crypto market compared to the dot.com bubble so many years ago. Anyone interested in this can find it all on the large worldwide web. It's interesting to see the comparisons, and even a little scary in my opinion. It's almost scary to see so many similarities.  But the fact that there are now many comparisons does not mean that Bitcoin will continue to sail the same course. 

And what is also worth considering, even in the worst-case scenario that Bitcoin turns out to be a bubble, it will always ultimately have a long-term economic benefit. And even if Bitcoin turns out to be a bubble, it's not the end of crypto. The techniques continue to innovate in the crypto market as a whole. Blockchain technologies are developing rapidly. Bitcoin is no longer the only crypto. We also have that advantage. So let's look at it positively. What happens next may all be written in the stars, but since the moon is closer … so we first go ¨**To the moon**!¨.

# I wish everyone a great Friday and a fantastic start to your weekend.