New ATH

Hi,

this week, or better said today, we had new ATH for the top3 coins on the marketcap value. This is huge! We see the prices going up steadily, with some pull-backs now and then, but they go up in the end. Everybody, me included was afraid of February and March, but nothing bad happened as in the previous years, when these two months have been the worst for crypto on a yearly basis.

Now, we didn't have this major corrections. It might be that we have a totally new economy, which has been reshaped with the events from the past year, where digitalization has gained a lot in terms of technology advancement and acceptance. The same happened with crypto, it has got a broader acceptance on the market, not only on personal users, but also on institutions.

Will we see a new big correction soon? With bigger institutional investors buying out the liquidity from the market, and with a money printing press all over the world, unlikely to see in the next few months a cycle end. Of course there can happen a black swan event, where the market collapses, but given the circumstances we have today, where money that is printed is put in directly into crypto, which is a limited resource, unlikely to see a big drop.

This market cycle could be different from the others, where the drops have been significant. There is not enough liquidity on the market at the moment to have a massive drop and if it drops, the big guys will buy just cheaper and readjust the price.

The evolution of this happening would be interesting to see at the next 30% market drop. Will we have one this year? Probably, but we shall watch very carefully who is selling and who is buying as there might be some market manipulation.

I wait drops and think they are good opportunities to infuse the portfolio with more crypto. Like the saying: what is better than crypto and the answer is more crypto.

We will see some new ATH in the next weeks and months, where ETH can be a good surprise for most. With the fast development around, it can reach also at least the 10k mark and BTC the 100k and that this cycle is going to last longer than expected.

How do you see it? Will this cycle last longer? When it will end?

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