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