Bitcoin Holding up Well

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Hi Friends,

With the latest halving behind us, I am looking forward to Bitcoin's future. I wasn't sure what to expect and no matter what the experts say and the trend, it seems like Bitcoin will just do the opposite. Many people were calling for a pullback ahead of the halving, but BTC has held up well:

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Prior halvings also showed BTC to be lackluster post halving, but I think that the recent hold has been bullish. We got a pullback today when an early created wallet that has been dormant for many years moved a few hundred thousand dollars worth of BTC to another wallet - who it was, no one knows, but it sure spooked everyone once it happened.

So, I am glad I didn't sell any BTC going into the halving and I am not selling any right now either - not sure the timing of the next run, but I think we will see new all time highs (past $20k) by the end of the year. Perhaps ETH or LTC will outperform from a % standpoint, but they also carry more risk of less mass adoption by the investment community, so I am holding mostly BTC right now.

What is your outlook for BTC and altcoins for the rest of 2020?

Thanks for coming by,
Brian



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2 comments
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With all the big names coming out to support Bitcoin as a future financial security if ever currency value depreciate, I think I agree that the chance of it going up and passing 10k is high.

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It looks like it went up tremendously. I hope it stays this way

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