This Week in Bitcoin 01.07.2020:
Each week, the Coinme Private Client team sends a weekly email, highlighting the top industry news and stories. Included in that email is “This Week in Bitcoin”, your guide to the state of Bitcoin. Here are the top news in This Week in Bitcoin 01.07.2020:
Happy New Year to you and the crypto markets!
Bitcoin celebrated a birthday over the last week (January 3) and has officially embarked on its next decade of life here on the big blue marble. The week was slow as most of the crypto market had little movement in either direction. Maybe traders celebrated too much mid-week or the holiday hangover was in full effect, either way, bullish signals continue to emerge in the Bitcoin chart much like early 2019. Many top analysts are slowly changing their sentiment from bearish to being bullish with some predicting large price movements into May’s Bitcoin halving event. Time will tell – and just looking at the various moving averages, we see good support.
We reiterate that the risk/reward for investing in Bitcoin at today’s prices is very favorable especially for a long term investor. US stock markets are at all-time highs and now we have learned that war could be on the horizon if Iran chooses to retaliate for the US attack. This will heighten already significant political risk and could send investors to safe havens such as bonds, gold and now, Bitcoin. This is one lesson we learned in 2019; Bitcoin is now utilized as a global macro asset by investors.
If you want to learn more about what happened in 2019, please use the link below and join our webinar (Tuesday, January 7, 2020 at 11AM PST); even if you can’t join us live, we recommend you sign-up so that we will send you the full recording so you can listen on your own time.
Onwards and upwards!
Here’s the infographic for This Week in Bitcoin 01.07.2020:
Reminder, we are inside of 6 months from the“Halving”; when Bitcoin’s daily mining production will be cut in half. If you haven’t yet, make sure you own at least $10, $50 or even $100 worth of this amazing new asset class. Visit our easy and secure kiosks or speak to an advisor today. We do our best at Coinme to make it really easy. Give us a call. Contact us. Check out our partnership with Coinstar and visit a cash to bitcoin kiosk in a grocery store near you! For transactions greater than the kiosk limit of $2,500, call us. We’re here to help and make it easy for you.
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