Crypto market continues to be on a Bull run, including Leo

It's Monday morning on the 4th of January in Australia a regular Monday morning and back at work on the Aussie stock market.

If you read my post yesterday you would have read about Aussie stock markets buying into Bitcoin, this has further been evident with today's bull run. Except another thing occurred that I didn't see and wish I did.

Bitcoin Run First things first, to my American counter parts don't freak out these are in AUD and yes this is still huge. This time last year Bitcoin began to drop. Miners started unloading which caused a price spike and then COVID hit and everyone started selling their assets. The price of Bitcoin dropped to $8k the last time I saw this price was 2017. I made a wrong call and consulted with the wife and wanted to buy some. She said no. Over the new year period I have shown her the price, we would have had enough profit to start building our home.

Our goal of building a home has been forefront over the past 5 years as we have two children and reside in a 2 bedroom unit which we have outgrown.

Ah well, opportunity missed.

Many have said Bitcoins bullrun was over, but it's not. Continuing in Australian news today are more Australian investors liquidating stocks in exchange for Bitcoin. I do think we have seen Bitcoins peak, it will continue to grow but net gains have peaked. Another Crypto appears to take podium spot in Australia, Etherum.

Eth growth boom

Investors are seeking higher gains and returns, where Bitcoin is still growing it's growth from here won't be (guess) another 50% climb. Where as Etherum has a potential to provide that return. In fact it has already netted a 24% increase and won't slow. My guess is it will easily continue to grow by another 26%. It may even exceed that and reach 2018 numbers of $US5000 a coin.

In early 2020 ETH dropped to $AUD174 a coin I saw it and immediately thought of the $US5000 a coin in previous years. But I didn't take my opportunity. I had already discussed Bitcoin with my wife and I didn't want another argument. I wish I just did it and bought 10 or 20 of them. I'd be laughing right now and she'd be shopping.

You might be reading all this and thinking you've missed out, but you haven't, Hive is still a great investment and Leo continues to storm a head, so far a head that at current it is still under valued and cheap. With future projects in the works and the majority of tokens remaining staked in the project I am still actively increasing my supply through financial purchase and producing content. Don't be disheartened by not gaining upvotes. I have been on this platform for 3 years and have been constant. The majority of my growth has been through investment. I do so because I believe in it and I also enjoy it.

I have no doubt that in the coming weeks we will see Leo reach $US2 a coin, perhaps even more. How will users react? I'm sure some will sell but alot will remain staked and the withdrawal process taking a number of weeks to complete will see the coin remain steady.

Now is the time to invest, especially if COVID continues to ravage the economy. Many will be looking for a safe way to hold their financial strength.

Australia is soon to hit a negative interest rate, which means if you hold cash in an acct YOU pay interest. This is causing many to spend on things of value, crypto seems to be that option.

Posted Using LeoFinance ^Beta