Crypto Up?
Every once in a while I like to write my views on the crypto market, views which are nerly always off the mark, still they are my views. After the implementation of tariffs and all that has happened after this Liberation Day, crypto has been stumbling. Even though I might be wrong and it was already heading down before the tariffs. Anyway at one point BTC fell below $80,000.00 and the market cap below 2.5 Trillion USD.
As the tariff crisis is still very much alive and I see no reasonable or quick end to it, I figured Crypto would continue its plunge. So I did not even look at CoinMarketCap just not to feel bad. but today that i looked it seems that crypto is having a come back. The market cap has gone above 3 Trillion USD, and Bitcoin is inching its way back to $100,000.00. The Bitcoin ATH is $107,000.00 is close at hand, I guess if the stock market keeps climbing BTC will break a record again pretty soon.
Of course things are so volatile in the World right now that anything can happen. A sudden war in one of the many hot spots could be catastrophic. An outbreak of some disease could also cause heartbreak. Or we could be faced with some huge natural disasters, hurricanes, Typhoons or earthquakes. Or something as simple as huge forest fires in Israel. This really surprised me, I did not quite associate Israel with forests. Luckily it seems that is under control. Still natural disasters in some parts of the World will be unavoidable.
The question, leaving aside the human suffering which is horrible and which I can do nothing about, is what will happen to crypto in what remains of the year? It will either go up or down. I, for some reason think it will go up, and that at some point this year we will have $150,000.00 Bitcoin and a $ Trillion USD market cap. Again, I usually miss in my predictions, so take what I am saying with a grain of salt. But I really wish I was well stocked with a nice amount of crypto.