You are viewing a single comment's thread from:
RE: Bitcoin a leading indicator for stocks?
I think there are no coinincidences on Wall Street. :)
Which means yes, I think they were the ones that drove prices up to $20k in December (shortly after futures and options markets were available) and then I think they have been helping drive prices currently right now.
The good news is that they are likely starting to get back in on the long side at current levels and will likely be some of the main drivers taking us back to $20k later this year.
We have to wait til later this year for BTC to reach $20k? Sooner be better. Maybe good time to buy BTC now with price around $8k?
Haha well even if it happens next year, it's not easy to double or triple your money on an investment. That being said I have no idea if it actually hits $20k this year, but many people smarter than me think it will. So, I will go along for the ride and see what happens.