Altcoin Opportunity While All Eyes Are On Bitcoin

Bitcoin has run up extensively since my last video and is now nearing $8,000 at the time of writing this. Bitcoin still has plenty of room to grow as people invest due to FOMO and over excitement for $10k by year end, a target expected by many investors for zero practical reason other than it sounds nice.

Lately I've found more people excited about getting rich off Bitcoin rather than off the adoption of Bitcoin. If you've watched / read my previous content, you know I've been on the fence about whether or not Bitcoin is a bubble. I believe part of the run-up is due to loose monetary policy, which has led to investors chasing performance as all asset classes appreciate in value. I would like to start exploring the subject of the "Bitcoin bubble" even more and come to a final and decisive "yes" or "no" answer. Leaning towards a strong "yes" right now.

In terms of other cryptocurrencies, I remain bullish on Ethereum depending on time horizon of investment. Any level below $300 remains attractive. Litecoin is rising as a result of the first Lightning atomic swap between Bitcoin and Litecoin. As great as this is, I don't see it as all that relevant as atomic swaps are far from being a useable solution for decentralized exchanges that the present value of such events should be small. However, Litecoin has been underappreciated recently against Bitcoin so it's a moot point.

Other altcoins remain attractive as they are still at low levels relative to Bitcoin since its bull run in October. I am looking at TenX now, mostly because the product should help bandaid an important problem for cryptocurrencies in short-term. However, the risk is that they are unable to deliver, so I am keeping my position size small. Hopefully prepaid debit cards are no longer a necessity in the future.

Lastly, expect more high quality content moving forward. I don't want my channel to be about market updates all the time. I want to help uncover methods to value cryptocurrencies, identify risk factors, understand the tech more than most investors, and relay all this information in a concise, laymen format for all of you. This takes more time, but I think it'll be worth it in long run. Hope you all stick around.