BTC Starting to Run
Hi Friends,
So nice to see Bitcoin starting to run:
There has been a lot of good news lately - Grayscale funds loading up, institutional investors getting on board, and companies starting to diversify part of their cash holdings into Bitcoin - I have been getting nervous that all this buying has not been pushing the price higher.
Granted, a run from $4k to $13k is great, but when $8k-10K was the normal trading range, it felt underwhelming to only be at $11k in light of all the great news about crypto adoption. Hopefully this is the beginning of a big run - people have been calling for $25k-$50k by year end so we have a long way to go to get to that point.
Now if only we can get our altcoins to run as well, we might be onto something...
Good luck, and congrats to the HODLers out there.
Brian
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