Alpha Pack, let’s get into the crypto news.
Wall Street ETFs like BlackRock and Fidelity are purchasing Bitcoin at a rate that is 12.5 times greater than the network’s daily production.
If demand like this continues, what do you think will happen to the price?
Bitcoin passed another milestone again, by hitting a $1 trillion market cap faster than any other asset. It took Microsoft 44 years, Amazon 24 years, but it only took Bitcoin 12 years to reach a $1 trillion market cap.
You guys, nothing goes straight up, and even in a bull market, like right now, Bitcoin could see a 30% pullback or more.
This is not financial advice, but be aware of and ready for a potential pullback during this bull market.
If you are interested in investing in crypto, consider spreading your purchases out, instead of jumping in all at once. Consider waiting for a pullback if the markets have been pumping.
