Will Bitcoin Crash or Can It Just Keep Going Up?

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With bitcoin (briefly) passing $40,000 for the first time, the question becomes: Will bitcoin crash? Or can it just keep going up?

This episode is sponsored by Nexo.io and this week’s special product launch: Stacks.co.

Today on the Brief:

  • U.S. President Trump signs order banning Chinese apps
  • Initial jobless claims hold steady at 787,000
  • Elon Musk becomes the world’s richest person

Our main discussion: Can bitcoin just keep going up?

In this episode, NLW breaks down:

  • What’s driving the rally, including the growth of institutional buyers, burgeoning retail FOMO, Asian markets and more
  • Why some indicators are pointing towards a trader move into altcoins
  • Why, despite the rapid growth, bitcoin remains undervalued

See also: What Georgia’s Elections Mean for Bitcoin

Image credit: Vertigo3d/iStock via Getty Images Plus

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