- More and more people are using crypto as a way to diversify their investment portfolio
- Brexit is a mess and this only helps Bitcoin
- The trade war is a mess too and this only helps Bitcoin
- Price patterns favor a $20,000 bull-run by the end of the year
- There is a massive FOMO sentiment amongst crypto enthusiasts
Thoughts?
Diversify is always good, i guess that increases demand. Of course NOW that they see everybody else doing it, is too late for "great profits", so also expect some of those people getting disillusioned for not going rich "overnight" like some pioneers did and leaving halfway (losing) instead of waiting for long term.
Brexit is a mess for whom, British or Europeans? Which fiat has the most to lose, the GBP (£) or the EUR ()?
"Trade War" to me is just Trump's tantrums as it only affects Americans. Not sure if that will somehow make them buy more bitcoin. The Chinese have very little to lose, and have been one with the most bitcoin enthusiasts worldwide, even with their government opposing this.
Pattern seems to be a healthy stay in 10k consolidation phase. If if goes up, it would be nice that it didn't go that much up, but slowly. If it does reach 20k i expect a correction afterwards, because it would have been too much, too quick (again).
FOMO is eternal, so any random "analyst" can always paste that at the end and look "good"... Most people have already missed out, it is too late.