Bitcoin Smashes $38,000
With all the chaos of Trump supporters breaching US US Capitol building a lot of us may have missed that bitcoin smash through $38,000.
It has been an incredible run with BTCThe up about 30% since the start of 2021 and in the past 12 months BTC has surged nearly 370%!
I’ll keep saying this run has been attributed to a number of factors including more adoption, buying from large institutional investors, retail and a run for inflation hedges.
BTC run has fueled almost ever other crypto making the entire space surpass a $1 trillion market cap. So the next question is when do we break $40,000? My guess is with the next 24-48 hours. I think we will see a pullback as institutional investors unload triggering a flash crash which affords them the opportunity to scope up more coins as we continue to $100,000.
I think there’s great money to be made with BTC, but I think the real gains are and will come from Alts. We are seeing impressive 50-100% coming out of coins daily. If you are a day trader I’d recommend playing the alt space.
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