Bitcoin has been on an absolute monster run starting in October!
Many items are at factor, but perhaps one of the biggest is the constant stimulus printing and many investors are flocking to BTC for a hedge against a falling dollar.
What is a very interesting number, is that what we do approach 53K for 1 BTC, that will put the entire asset class at a value of 1 TRILLION DOLLARS!
What a great height that will be!
When we look at other asset classes like GOLD, with roughy at a 15Trillion market cap, this would put BTC at nearly 1/15th of the entire GOLD asset.
Many people are targeting this takeover, and I have no doubt that in the future BITCOIN itself should easily top that market cap, let alone the entire crypto currency alt coins included in that amount.
Many feel that this type of height can be achieved even in this cycle! While we don't know exactly how high BTC will go, we know that the demand is just starting!