Should you buy Bitcoin at its all-time high?
Currently, bitcoin has once again surged past its previous all-time highs when converted into old fashioned “fiat” money (like USD or GBP).
Topping out at $66,930, the best-known crypto is once again surging in price.
As you know, we have we been staunch bulls on bitcoin for a very long time. That includes when it was “crashing” for the thousandth time and the mainstream was saying that “it’ll go to zero” and “it’s all over”.
In the middle of this year, our recommendation on bitcoin was to “buy the dip” – and we have been vindicated.
But the dip is over.
It is likely that there will be more dips in the future.
However, those dips will almost certainly come from higher highs than we are seeing now.
So, do you stop stacking those sats?
Or, do you buy the dips and then buy the all-time highs as well?
If you had only bought at all previous all-time highs, you’d still be in a profitable position.
But, at $66,930 for one whole bitcoin… being a “wholecoiner” may be too much of a stretch for most people now.
So, what to do?
In this episode we look at what’s happening with bitcoin, why it’s happening and ask a fair question, what comes next?
Is this rise because of three key crucial factors, or is there more to it?
Is it just FOMO (fear of missing out) kicking in again, or is there a more sinister backdrop of conditions within the traditional financial system (TradFi) that’s boosting things along?
Can crypto save you from the policies that are going to cost you money?
All this and more in today’s Exponential Investor Podcast.
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