Wednesday 23 December 2020

Bitcoin: The longer it takes, the higher we fly

The longer Bitcoin spends at lower price valuations, then we would expect it to ultimately fly higher at the peak of the next market cycle. Institutional money is coming, and some of it is already here. Will it be a rush of institutional money over the next 12 months, followed by no one caring about Bitcoin for 24 months? Or will it be a long, protracted bull market, that will ultimately be one for the record books? I think the latter, and the returns while likely diminished, will probably make Bitcoin one of the better investments of the decade. TA Video by Benjamin Cowen.