I know most people here do not consider Bitcoin a "serious" investment, but the market appears to think otherwise. Bitcoin, along with Gold, has been rising rapidly the past couple of days. In particular Bitcoin has surged from $9kish to over $11k just now. From the looks of it, it seems like the rally is just beginning and we may reach over $15k shortly.
What do you all make of this? This time around it seems like institutional investors are loading up on BTC as a hedge against inflation, just like gold. In fact all "stores of value" investments seem to be rising. Personally I think there will be big money to be made from altcoins like OMG network in this Bitcoin rally: in the past, a significant rise in BTC has nearly always been followed by rapid rises in alternative cryptocurrencies like Ethereum and Ripple.
So what will it be fellas? Should mature investors like yourselves start allocating a small position into "store of value" cryptocurrencies?
Submitted July 27, 2020 at 06:05PM by BUY_NIO_NOW https://ift.tt/2Ddmn28
