Bitcoin continues the run and is currently being traded above $50K.
It's not like I'm surprised, but it happened a bit sooner than I expected. The World's most valuable digital asset literally increased in value by 500% in a matter of few months and I don't think it'll stop anytime soon.
I remember late 2017 when we talked about institutional mania and how aggressive the next cycle will be - well... hehe
If we assume that the 2017 bull run was a result of retailers buying in, and even then BTC managed to reach $20K you can imagine what will unfold once every major corporation places 30% of their wealth into Bitcoin. As Elon said, in retrospect, it was inevitable.
Institutions, corporations, venture capitalists, and Hedge Funds have to chase profits, Bitcoin is the new Gold. It is irresponsible not to invest in BTC ;)
This cycle will be different when compared to the previous run and let me elaborate on why.
To begin with, I don't think ATH's will be sustained forever, but I doubt we'll see BTC below $30K anytime soon(if ever).
For the most part, individuals like Elon Musk, Michael Sailor, and similar businessmen will not dump BTC, they already have billions and it's more about changing the monetary system, rather than taking some % and dumping on the market.
The possibilities are endless and they know it!
It brings me to another point. Hive started surging and the correction is a healthy sign. We will continue to rise in the upcoming months, and it's likely to expect a big surge by the end of the summer.
This is why we are here in the first place.
Keep hustling, our time has yet to come!!!
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