The Bull Run We Have Been Waiting For?
The 30 day BTC chart looks outstanding, with over 30% gains!
The US election has been decided and the cryptocurrency market has positively exploded, with immediate gains.
I saw somewhere that Blackrock has more bitcoin holdings than gold! Now that is saying something!
With much more traditional money flowing into crypto, it looks like there will probably be some disruption in the U.S. Securities and Exchange Commission (SEC). There is an expectation that the notoriously anti-cryptocurrency chairman Gary Ginsler will be out soon, thereby opening a new chapter to a more favorable and responsible SEC.
Is everything finally lining up to fuel the next cryptocurrency bubble? Perhaps. But every time the industry tries to predict what will occur, the chaotic crypto markets seem to diverge from expectations and forge a different path. Time will tell, but I am excited for the future.
