Post
Topic
Board Economics
Re: Markets taking profit
by
wiss19
on 06/05/2021, 18:08:11 UTC
Since the start of the COVID (in practice) to now, most indexed have exceeded their average returns, not to mention bitcoin. A movement such as this is a consequence and it may still be followed by more falls without meaning anything other than a profit taking and some caution around the ATHs.
It doesn’t seem to me like Bitcoin is going down Roll Eyes even if it will, not anytime soon. The price has been moving upward since, and with the kind of news that I have been seeing about lots of institutions that wants to invest, I don’t think will go down for now, although I do know that there will come a time that a lot of these institutions will start selling their assets, and that’s the time the price may crash, but not now, as they are all just starting to invest in the cryptocurrency market.