Bitcoin is above $40,000 again
I think this is a pretty big deal. Bitcoin is north of $40,000 and it looks like this rally could have legs. The crash got rid of all the paper handed new money and the diamond hands are about to see some diamond hands in action.
Not only is Bitcoin above 40, pancake swap is almost at $18. According to Coin Gecko, PCS is up more against the dollar than Bitcoin. Uniswap is also up big time. I think this is it. I think this is the beginning of the big rally that takes Bitcoin north of 100k and takes the whole market from 1.5 trillion to 3 trillion.
Or if I am wrong, we can move sideways for another few months. That is OK too. All the signs are good. Bitcoin is now one of the worlds sovereign currencys with the power and the faith of the El Salvadorian government behind it. Bitcoin has its first police, central bank, and military to protect its infrastructure. It won't be the last. All countries protect their money and soon countries will need to protect their Bitcoin and their Bitcoin node infrastructure. National adoption is such a big deal. It is literally the biggest thing that has ever happened to Bitcoin. We should see some big price action. Possibly even enough to scare countries out of using Bitcoin.
The total market of crypto is 1.5 trillion. That is less that the value of Apple. I am pretty sure that the world's digital money supply and the foundation for smart contracts should be worth more than Apple. I think we will see that happen in the next few weeks.