Hello there,
What do you think about the altcoin season in summer and autumn?
There are a lot of factors telling us that BTC will grow much higher according to the fresh news:
Amazon,
Google,
Facebook
Tesla.
And a lot of other positive news for crypto.
Nevertheless this market is so speculative and unpredictable!
maybe you could give me your piece of advice and share your opinion about a situation on the market?
Cryptocurrency marketcap is still so small if you compare it to market stock, which is make it so volatile and so easy to be affected by good news and bad news. I do think the best news currently is the acceptance of cryptocurrency and also the use of blockchain in enterprise. Its just make the real use and value to the cryptocurrency and also big player starting to investing in cryptocurrency that i think it was a sign that crypto will be big in future.
In fact, we must admit this fact, that crypto is still far from being seen from market capitalization with stocks. we also have to admit because stocks run early and most of those who join are large institutions whose asset values are also large, different from crypto.
but now institutions have started to also look at crypto compared to if they put their funds in deposits which of course will be greater in value, actually with stocks it is the same but again crypto must be able to convince more institutions to join. you are right in saying that crypto will become big after many join.