W. Paul Alexander
for
Better Call Paul Blog
[Jacksonville, Florida 12:08 PM 01/02/2021]
Optimism for the New Year continues to drive crypto markets on the second day of 2021. This is a very, very exciting time for HODLers who have held out against all odds and are now starting to see the massive explosion in profit so many have desired.
As I have advocated since March 2020, investing your stimulus check in BTC or a basket of top cryptos is the best way to make your money work for you. If you can afford to put some of your stimulus payment back for savings, this is a great time to think about crypto, though.
1. Bitcoin again hit an all time high today, currently trading at well over $32,000 per BTC. This continued skyrocking is certainly due for a correction, but hope and optimism in the market is very high right now, as people look to move past an extraordinarily terrible 2021. Consumer confidence definitely drives markets with a good amount of volatility.
2. Alt Markets continue to soar. Here's how a few larger (or more well-known) projects are looking:
I could go on and on, but you get the point.
Keep in mind, as always, that high increases in price can be accompanied with high crashes once confidence begins to fall the a certain asset can sustain or continue growing. This can happen organically or it can be manipulated by bad actors, and always always is. So, be mindful before you dump a large amount behind any crypto, and do your own research to confirm the things you read.
That's all for this short update!
Image Courtesy of NewsBTC; Reproduced per fair use. Tickers courtesy of CoinGecko and inserted using PUBLISH0X ticker tool.
