Bitcoin adoption has been happening more lately but WHY??
Many institutional investors don't have any kind of returns on treasury bonds or notes. Inflation is so high currently they need a higher yield than the typical 2% otherwise they lose money for their customers. Crypto has shown promise in yield but also in security over the past few years. With media pushing Bitcoin ETH and the occasional dog coin, we have seen more institutional investors buying up crypto assets. The Bitcoin ETF will also allow investors to buy and HODL contracts for Bitcoin which won't directly push pricing up but it will definitely prove more widescale adoption will happen. With NFT's and Metaverse entering the media space we will see Bitcoin push even higher. I'm expecting 100,000 by the end of the year!
So if you're buying.. buy into it around the red line (support) or lower.
Many institutional investors don't have any kind of returns on treasury bonds or notes. Inflation is so high currently they need a higher yield than the typical 2% otherwise they lose money for their customers. Crypto has shown promise in yield but also in security over the past few years. With media pushing Bitcoin ETH and the occasional dog coin, we have seen more institutional investors buying up crypto assets. The Bitcoin ETF will also allow investors to buy and HODL contracts for Bitcoin which won't directly push pricing up but it will definitely prove more widescale adoption will happen. With NFT's and Metaverse entering the media space we will see Bitcoin push even higher. I'm expecting 100,000 by the end of the year!
So if you're buying.. buy into it around the red line (support) or lower.