Bitcoin at a rough 2018 and for much of 2019, it's been steadily climbing. And from what you can gather, it's because there have been positive things taking place. Like a lot of the old Whales are buying Bitcoin, so it's been slow and steady accumulation.
And then we saw positive developments like Bakkt is coming, a lot of infrastructure, Fidelity custody, activity has been picking up, especially in regions where there's been a lot of inflation or political issues like Venezuela and Turkey.
And probably we had a big move in April 01 which wasn't clear what caused it but it was real evidence that there's a lot of dry powder.
The crypto communities kept a lot of cash, was waiting for Bitcoin to break $3,000.
If or When the SEC Approves ETF
Probably it's going to be hugely positive development if or when the SEC approves ETF and of course there's a lot of hurdles for that to take place. We've been kind of too optimistic for that, but it's probably a lot later than any of us expect.
This crypto market is highly volatile, and nobody knows where it could go exactly. So in order to invest, invest that much money which you can afford to lose.
But probably it's good to buy cheap and HODL for the right time to come.
Note: It's not a financial advice. Invest on your own.
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