Profit takers today will be buying tomorrow for the FutureIf you do not understand the immediate future regarding Btc and Ether and all other related coins then you need to sell off to the SHORTs, take your SMALL profit and move on.
Big funds and corporation are now buying BIG, as the government are just printing $$$ and GOLD, SILVER and now BITCOIN are hedging for the future.
The truth is out there, so look for it. If you do not see it then move on.
Bitcoin soars above US$23,000 as more Wall Street firms pile in
Bitcoin breached US$23,000 for the first time in history as more Wall Street names crowd into the the world’s largest digital currency up 220 per cent this year.
As momentum builds, analysts predict more gains ahead.
The digital coin jumped more than nine per cent on Thursday, touching a high of US$23,256.92, according to a composite of prices compiled by Bloomberg. Bitcoin and the wider Bloomberg Galaxy Crypto Index have both more than tripled this year. Cryptocurrency-linked stocks in South Korea, Japan and China climbed.
The rally in digital assets is polarizing opinion, given Bitcoin’s history of boom and bust. Proponents argue the cryptocurrency is muscling in on gold as a portfolio diversifier amid dollar weakness and potential inflationary pressure. Others see speculative fervor that will inevitably lead to a bust akin to the meltdown three years ago after a furious Bitcoin rally.
Yet there are signs that longer term investors like asset managers and family offices are playing more of a role this time around, alongside trend-following quant funds. Bitcoin’s scarcity combined with “rampant money printing” by the Federal Reserve mean the digital token should eventually climb to about US$400,000, Scott Minerd, the chief investment officer at Guggenheim Investments, said on Bloomberg TV on Wednesday.