BTC has risen quite a bit recently, but at a slower overall rate than in December 2017.
Given that it looks like Joe and the Ho might actually get in, I am wondering if the big rise in BTC interest is because people are using crypto to transfer or HODL their cash assets to avoid taxes. I certainly would. I think that if it is the case, then BTC price has quite a bit of upside left in it yet, and when (not if) biden tanks the economy, then BTC will be used even more.
What do you think of the recent price gains and if the prices will stay up or crash out?
Trump won the election. biden was INSTALLED, not elected. There's a difference.
Right now, we can see news that shows us that BTC and other cryptocurrencies are actively bought by large companies such as Tesla. This means that the growth of BTC is due precisely to these events and the fact that large companies have accumulated large capital and are now looking for opportunities to preserve it and increase it. Why not do it partially through BTC and other cryptocurrencies. Indeed, they make a choice in favor of crypto and this moves the prices of crypto up. If this trend continues, and it is likely to continue, then we will see the price of BTC several times higher. In any case, I and the entire crypto community hope so.