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| By Beth Canova |
Bitcoin is back on the rise, having reclaimed the key $50,000 level earlier this week and surpassing the high it established on Jan. 11, when the spot Bitcoin ETFs were first approved.
But there’s another reason to be bullish on this move. As Marija Matić points out …
Bitcoin at $50k Means 2021 Bull Cycle Buyers Are Now in Profit
Bitcoin at $48,500 corresponds to the average acquisition price for over 800,000 addresses holding 270,000 BTC. With the current price surpassing its acquisition level, this group is now in profit. And if the price continues pushing above its breakeven point of $48,500, its inclination to hastily sell diminishes.
Without that downside pressure gone, there’s less standing in the way of Bitcoin’s bullish momentum.
And according to Juan Villaverde, there’s more bubbling under the surface that could send Bitcoin — and the broad market — even higher …
China is a manufacturing behemoth. And it’s also the epicenter of the largest housing bubble in history, fueled by decades of government-controlled infrastructure spending and lending through China’s quasi-government-owned banks. And the smart money can see the writing on the wall and is searching for a safe haven away from government control. That search is leading them to crypto.
AI is poised to revolutionize human civilization. And it’s certainly revolutionizing investor strategy. But as Dr. Bruce Ng points out, your milage may vary when it comes to AI investments. And it’s crypto AI projects that he foresees having the best profit potential.
1 Component Key to AI Advancement
Diving deeper into the AI sector, Jurica Dujmovic explains the gap between the promise of AI and its current capabilities. And he reveals the one key component to bridging that gap: AI agents. Capable of more autonomous tasks, AI agents are the path forward for the sector.
3 Reasons You Shouldn’t Miss This Urgent Briefing
With the broad market looking up, we’re looking ahead at the best way to ride the bull market. And I have three reasons why now is the right time to jump in yourself. But while Bitcoin may seem an obvious choice, it may not represent the best profit opportunity. In fact, Dr. Martin Weiss and Juan Villaverde have an urgent briefing you should watch, to learn of seven cryptos that have the potential to outperform Bitcoin in the coming year.
Clearly, momentum in the crypto markets is starting to pick up again. And we’re preparing for a wild ride.
Hopefully, you are too — starting with checking in with your Weiss Crypto Daily issues. Keep an eye on your inbox for tomorrow’s edition.
Best,
Beth Canova
Crypto Managing Editor
