Bitcoin achieved a major symbolic milestone earlier this year surpassing $1 trillion in market capitalization. With broader notoriety, famed billionaire investors like Stanley Druckenmiller and Paul Tudor Jones and institutional investors like BlackRock have jumped on the cryptocurrency bandwagon.
It’s no surprise why. U.S. monetary and fiscal policymakers continue to spend trillions to prop up the ailing U.S. economy all the while debasing the value of the U.S. dollar. Add in financial system bailouts and political distrust, and you’ve got a perfect storm for Bitcoin’s rise.
On the road to broader crypto dominance, Bitcoin’s volatility has created numerous opportunities for cryptocurrency holders to accumulate more Bitcoin at better prices.
Take Bitcoin’s recent February drawdown as an example. Bitcoin fell -26% in a week (between 2/21 and 2/28) before rebounding more than +40% from the lows to mid-March prices. (Our "Bitcoin Trend Tracker" has had Bitcoin in a bearish trend since 5/19.)
Bitcoin achieved a major symbolic milestone earlier this year surpassing $1 trillion in market capitalization. With broader notoriety, famed billionaire investors like Stanley Druckenmiller and Paul Tudor Jones and institutional investors like BlackRock have jumped on the cryptocurrency bandwagon.
It’s no surprise why. U.S. monetary and fiscal policymakers continue to spend trillions to prop up the ailing U.S. economy all the while debasing the value of the U.S. dollar. Add in financial system bailouts and political distrust, and you’ve got a perfect storm for Bitcoin’s rise.
On the road to broader crypto dominance, Bitcoin’s volatility has created numerous opportunities for cryptocurrency holders to accumulate more Bitcoin at better prices.
Take Bitcoin’s recent February drawdown as an example. Bitcoin fell -26% in a week (between 2/21 and 2/28) before rebounding more than +40% from the lows to mid-March prices. (Our "Bitcoin Trend Tracker" has had Bitcoin in a bearish trend since 5/19.)