The other day, Bitcoin made history. The king coin started fresh in the morning from around $19,300 and managed to break the ATH of $20k. Then BTC smashed through $21k and $22k, and now, it passed $23k as well.
This is the moment that the crypto space and investors have been expecting for more than three years.
The hype is extreme on Twitter.
Everyone’s celebrating what’s happening, but people don’t know how long BTC can surge like this before a healthy correction kicks in.
After BTC broke $20k, massive FOMO kicked in
This bull run is completely different from the one back in 2017 because now there is massive institutional money involved.
The gate through $20k opened up massive opportunities and brought Bitcoin into the mainstream like never before. FOMO kicked in all over the world.
This feels like the moment Bitcoin won the game against all the other asset classes. With this breakout fueled by institutional folk, no way it can be regulated away; Sovereign Wealth next. Then it gets to change the world for real. Exciting times!
— Willy Woo (@woonomic) December 17, 2020
Here’s Binance’s CZ post:
The hype is extreme on Twitter.
Everyone’s celebrating what’s happening, but people don’t know how long BTC can surge like this before a healthy correction kicks in.
After BTC broke $20k, massive FOMO kicked in
This bull run is completely different from the one back in 2017 because now there is massive institutional money involved.
The gate through $20k opened up massive opportunities and brought Bitcoin into the mainstream like never before. FOMO kicked in all over the world.
The other day, we were addressing a new survey from Bitcoin and altcoin cloud mining firm Genesis Mining, and it shows a significant lack of consensus on where the price of BTC will be in 2030.
“About 25% of those questioned believe BTC will be above $40,000 by 2030, while about 63% believe it will be $30,000 or below. Here’s a look at the breakdown,” according to the notes.