Hello!
The past days have been full of good news regarding Bitcoin. Today we've seen another green day, the election of the United States will dictate the new direction. In one week we will know the results.
Some not smart money is waiting in the sidelines, expecting Trump to win the election to push the buy button of the hardest asset on earth, Bitcoin.
Today the Digital Assets Manager of VanEck (ETF and Fund Manager company) said that some of the new BRICS states are mining Bitcoin with government funds. If this is true, it's massive.
Game theory starts, the nation states will start competing for the new coins. This will drive the price up very fast. When will this happen? Nobody knows, but now, it's clear that it will eventually happen.
At the time of writing these words Bitcoin is trading at $69,800, the sentiment in crypto twitter turned positive very fast. The vast majority of altcoin hodlers are still waiting for the alt season. The only ones that are happy are Solana hodlers and some memecoin hodlers.
90% of the altcoins are still waiting for Bitcoin to break all time highs again. We are now close to the 60% Bitcoin dominance. For context, the altseason peak was when altcoins touched 60% dominance (40% for Bitcoin).
I hope you had a great day!