Bitcoin (BTC) crosses $ 40,000 mark, today, January 7, 2021. Have the bulls been spiked by the action of the Trumpists? Bitcoin corrections are now welcome, with every dip seen as a big buying opportunity.
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From single to double in less than a month
Bitcoin broke the $ 40,000 mark today at 06:10 UTC on Bitstamp. The BTC climbed to above $ 40,250 before correcting.
Bitcoin is trading at $ 38,122 at the time of writing. He currently registers a gain of 8.14%, which represents an amount of 2,869 USD.
The bulls took less than a month to raise the price of Bitcoin from $ 20,000, to $ 40,000.
Michael van de Poppe expects 20-30% corrections which will be buying opportunities.
The CEO of Grayscale, Barry Silbert, tweeted today that “it’s funny to think” that a correction down to the $ 20,000 level would be “the buy of a life opportunity”.
The United States a Banana Republic, Bitcoin the only true democracy?
American democracy shook with the force of the pro-Trump on the night of January 6, 2021, taking by force the Capitol.
The President’s threats of impediment within days of Joe Biden’s inauguration – even if such a procedure should not be successful given the timing – the shift of the Senate into the hands of the Democrats, will they benefit Bitcoin ?
Bitcoin must now try to consolidate above $ 40,000, to have $ 50,000 in sight.
The BTC isn’t the only one having a great day crossing the symbolic level of $ 40,000.
Elon musk ahead Jeff Bezos ; the founder of You’re here becomes the richest man in the world thanks to a boom in the company’s stock price.
If Donald Trump had used decentralized social networks, he could not have been “muzzled” following the insurgency of his supporters. Bitcoin continues on its way to the expected $ 100,000 by the end of 2021. If it manages to close January 2020 above $ 50,000, PlanB-ists will already be half-satisfied. Corrections would therefore no longer be perceived as crashes or threats of a crash. They will be welcomed with open arms by latecomers: a last chance to buy “cheap” Bitcoin.
Litecoin, welcome in the Silver Age