Can Bitcoin Just Keep Going Up?
With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Can it keep going or is a reset necessary?
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With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Will bitcoin crash? Or can it just keep going up?
Today on the Brief:
- U.S. President Trump signs order banning Chinese apps
- Initial jobless claims hold steady at 787,000
- Elon Musk becomes the world’s richest person
Our main discussion: Can bitcoin just keep going up?
In this episode, NLW breaks down:
- What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more
- Why some indicators are pointing towards a trader move into altcoins
- Why, despite the rapid growth, bitcoin remains undervalued
Image credit: Vertigo3d/iStock via Getty Images Plus
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