Nothing super interesting here, bullish on BTCUSD still, lots of upside potential, the channel has widened with the new highs.
Looks like we are attempting to break the 50K psychological barrier for the second time over the next few weeks.
This small downtick of 3-4% losses for Bitcoin seems healthy.
Here is a chart of how well investments perform in ARK Fintech versus the SPY S&P 500 Index.
Typically we look at charts versus fiat currency, but given the stock markets exceptional rally since the crash of March, and with lots of new retail investors, the question is not whether or not one should be in the market, but what kind of investments are the best.
This is a chart of MicroStrategy's Bitcoin holdings as a fraction of the market cap of MSTR as a whole.
It is important to note that the chart is only valid for past late 2020 going into 2021. when MicroStrategy started to buy Bitcoin.
MicroStrategy own slightly more than 70,470 Bitcoin. For the sake of argument, let's say it's 70,470, which is what it was in...