Hey everyone! Just a quick write up. As I sit here and write this, I watch as Bitcoin hits $4975 USD! We're almost there!
People were called crazy just 5 or 6 months ago when they said Bitcoin would hit $5000 USD by the end of the year! Talk about undervaluing! It looks like $7500 USD is more realistic!
Every time we watched a slight correction take place, the media panicked and discredited their monetary knowledge, but what's new? From Mark Cuban calling it a bubble to now putting tons of his own money into cryptos, we're looking at an amazing rally to come and of course a few bumps along the way!
As the stock market gets ready to burst as 30 billion dollars was taken out of US stocks by investors in the past 10 weeks alone, Bitcoin has now surpassed (by far) PayPal and Netflix, nearing the market cap of Morgan Stanley! This is incredible! But most of us knew it was coming. To think it's still only the beginning!
As I often mention, at the 7 year average daily rate of growth, Bitcoin will likely hit 250k by 2020 and knowing past predictions, we're probably underestimating and undervaluing this beautiful haven from central banks as they get another massive slap in the face.
Diversification is important as well. Watch the gold and silver markets gain steam despite massive manipulation should also alert us that something epic this way comes... But never worry! You've got Bitcoin! ;)