Over the past 12 months, the price of Bitcoin cryptocurrency has surged around 1,000%. Now the combined value of bitcoin tokens has reached $1 trillion — double the amount it was at the start of 2021.
We’re witnessing Bitcoin topple never-before-seen highs while leaving investors to chase a mammoth of a bull run. But realistically, how long will this massive rise in Bitcoin cryptocurrency last in 2021? And how will the third round of stimulus checks aid or hinder investors during this Bitcoin frenzy?
Traders, in today’s video, I want to talk about Bitcoin, your stimulus checks and what these two things mean for crypto and stocks in general.
Over the weekend, we saw Bitcoin rise over $60,000 per coin. And guess what’s coming up this week? Stimulus checks.
Now we have the perfect storm brewing between Main Street and Wall Street.
Mr. Market and the crypto market are going to elevate these asset prices — so Bitcoin and certain stocks should be making all-time highs soon.
And when people get their stimmy, where are they going to put it? Well, Deutsche bank says 50% of young retail investors and 30% of the older folks are going to put their stimulus checks in stocks.
Basically, there’s a lot of money that’s going to pour into the markets soon.
Does that mean that Main Street is buying at the highs while Wall Street is selling?
So Main Street retail investors (which is us) are going to be buying at the peak of this stimulus and Bitcoin frenzy. But I think in about a month or so, those of us who paid at the peak are going to feel some major pain from the stock market.
For example, let’s say that you bought Bitcoin while it was at $60,000. Then three weeks later, Bitcoin is trading at $50,000.
You just lost $10,000.
Then the next week, Bitcoin falls to $40,000… and now you’re $20,000 in the red.
All of this can happen in a matter of weeks and most retail traders can’t handle that type of volatility. And this goes for your favorite meme stocks, too. Buying 1,000 shares of AMC at $20 per share and then watching it fall to $10 a couple of weeks later is devastating.
That’s a lot of money to the regular investor. Most people can’t stand to lose 10%-30% of their money in such a short amount of time.
But do you know who can stand to lose that amount of money… like it’s nothing? The top dogs on Wall street.
Watch today’s video to learn more about the rise in Bitcoin cryptocurrency, stimulus checks and what they mean for your investments. As always, leave your thoughts in the comments below, and don’t forget to subscribe to my YouTube channel to stay up to date with all things options trading.
P.S. I have some great news for you…
Wall Street legend Chuck Hughes has already helped traders all around the globe reach their dreams.
But now he’s revealing his most shocking discovery yet…
Chuck’s discovered a brand-new strategy to target weekly profit opportunities — regardless if the stock market is up, down or flat.
In fact, this is the formula that’s helped Chuck lock in a 96.3% win rate, even when markets are turbulent.
And now he’s about to share it with the world for the first time ever…