Yeah everything is hitting new all time highs this week. Nvidia hit $4T market cap which is crazy. SP500 and Nasdaq also hit a new ATH today and obviously bitcoin. Ethereum unfortunately is far far away but almost at $3000 which is amazing since it dipped below $2000 earlier this year.
Trump says it’s his tariffs but financial advisors are cautious because they know these tariffs are inflationary and are not good long term. Only time will tell.
Why should we give a damn about Ethereum? Ethereum isn't as scarce as BTC and it has its own problems.
BTC keeps moving in the same direction as the stock market. When the stock market goes up, Bitcoin goes up as well. When the stock market goes down, BTC goes down. I'm not saying that this is a bad thing. Maybe it's a good thing. Maybe this is a sign that BTC is being recognized by most investors(both institutional and retail) as a valuable asset with great potential for growth.
Anyway, happy new ATH price! I wish a 150K USD Bitcoin price might become reality by the end of the year.