The biggest question is how it will affect the rest of the tokens. So far, Ethereum is enjoying a bit of a run but not much else (LTC has made a nice move).
A few months from now alts will have already recovered all that lost ground behind BTC.
I follow this guy on twitter and find this perspective quite interesting.
https://rektcapital.medium.com/the-crypto-money-flow-cycle-ebe64174da3e
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