Look, the timing is too perfect. Good ole Bitfinex, known to manipulate Bitcoin markets, gets slapped with a serious demand from even more serious LEOs. Then they hilariously launch the $LEO token. LEO = law enforcement officer. They run a blackbox STO on the LEO, admit that none of the math has to add up, and raise $1 billion. It's motherfuckery to the core.
Fortunately, Bitcoin Cash and other assets are actually gaining against Bitcoin. That's a good takeaway, as people coming into the market, who aren't many -- by the way -- are considering all of their options.
But the idiots rush on. It's as obnoxious as it is tiring. This will age well.
Here's my prediction: $5000 BTC by August.