This Week in Bitcoin 01.21.2020:
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 01.21.2020:
The markets continued to move in a positive direction this past week with Bitcoin up 6% and nearly 30% up for the past month. Our vision for the next six months heading into the “big” halving event is very positive and proposes an excellent opportunity for long term investors. The altcoins are leading the charge this past week with notables like BitcoinSV up 80%, Bitcoin Cash up 30%, and Steller up 30%.
Back in January of last year (when Bitcoin was around $3,500 USD), we saw a very similar situation where altcoins significantly outperformed Bitcoin over a one month period of time. Some say that this is a leading indicator prior to another big Bitcoin bull run.
With the halving event coming up in May and Altcoins finally making moves, we are very hopeful that Bitcoin’s next bull run is coming sooner than later.
Are you ready to #StackSats ?
Here’s the infographic for This Week in Bitcoin 01.21.2020:
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