Thursday, January 7, 2021

Will Bitcoin Crash or Can It Just Keep Going Up?





With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Will bitcoin crash? Or can it just keep going up?




This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.



Today on the Brief:




  • U.S. President Trump signs order banning Chinese apps

  • Initial jobless claims hold steady at 787,000

  • Elon Musk becomes the world’s richest person


Our main discussion: Can bitcoin just keep going up?




In this episode, NLW breaks down:




  • What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more

  • Why some indicators are pointing towards a trader move into altcoins

  • Why, despite the rapid growth, bitcoin remains undervalued



See also: What Georgia’s Elections Mean for Bitcoin




Image credit: Vertigo3d/iStock via Getty Images Plus






Source coindesk.com

No comments:

Post a Comment

MahaDAO’s Algorithmic ‘Valuecoin’ Goes Live on Ethereum

An India-based startup is coming for decentralized finance (DeFi) stalwart MakerDAO’s crown with the launch of its new “valuecoin.” MahaDAO...