Saturday, February 27, 2021

No relaxation for bitcoin on the weekend because it roars to $57,000

Continuous rally in bitcoin continues

We’re on the level of the bitcoin rally the place distant relations name me up and ask if they need to purchase it. That is an indication that we’re a minimum of within the middle-innings of this rally. After they’re calling me up and telling me to purchase it that is the time to promote.

It is on an absolute heater proper now, including one other $1500 right this moment to $57,100.

Non-stop rally in bitcoin continues

On Friday, I wrote in regards to the unbelievable success of the launch of the primary Canadian ETF on Thursday. It was the highest-volume ETF within the nation on Day 1 after which traded one other 40% extra on Day 2. AUM is now as much as $421m, which continues to be smallish within the bitcoin universe however it’s an indication {that a} US ETF can be very properly obtained (and it is coming).

I believe the commerce proper now could be to HODL a minimum of till the US ETF launch. Within the 2017 bitcoin rally, it peaked simply as bitcoin futures have been launched.

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