Billions of dollars were just added to the crypto space in hours
Just yesterday I predicted that the total market cap would reach over 200 billion before the end of the year. Apparently new money is flowing in at a rate faster than even I expected and in a matter of hours is over 200 billion. Safe to say the crypto recession is now over and growth is accellorating. I also think the high price of Bitcoin and Bitcoin approaching $10,000 is getting a lot of attention both from governments who are tracking down but also from potential investors who by FOMO might be thinking if they only bought Bitcoin when it was under $100 how much money they could have now.
There are plenty of altcoins besides Bitcoin some of which are still relatively cheap. Ethereum is still under $1000 and many tokens are $1 or even less than a dollar. Any of these tokens could rise to be $10 or $100 or $1000 in the future and we have no way of knowing which tokens for sure will be successful. Perhaps potential investors are now aware of the opportunity costs of avoiding this market and that could explain at least some of the rise in total market cap.
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