It's a great weekend and we have witnessed the Bitcoin to touch $80K for the first time. And my portfolio which is majorly Bitcoin has gone up considerably. I don't want to speculate but $100K seems to be possible by next year.
PC: CoinMarketCap.com
Hive also seems to be going up and now it's around $0.2, might be we will see some action in the bull run from Hive too. Actually market has reacted positive for the Trumps winning. And mostly we can see some positive action from its government as because the Elon Musk. Elon Musk is a great marketer of Cryptos and being part of the government, we can see his involvement to include the crypto projects. And thus eventually helps to mass adopt the crypto. For me, I am waiting for Indian Governments stance of Crypto before withdrawing the crypto. As of now, it's 30% flat and 1% tax deducted on every trade I.e. for buying or selling. Until and unless that goes away we will not see mass adoption atleast in India.
But US is way ahead, they have the Bitcoin ETF where people are easily buying Bitcoin using the ETF. The ethereum ETF is in the pipeline and we might see that too in coming days trading in the Nasdaq. And because of that a lot of people from US has started investing in the crypto.
So yeah it was a great weekend, where we have seen the Bitcoin touching the $80K and also my portfolio touching the new height. Now when should we start doing the profit booking is the question.
What do you think when we should start the profit booking?
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