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As Bitcoin Surpasses $100,000, Is the Major Cryptocurrency a Buy, Sell, or Hold?
With Bitcoin (CRYPTO: BTC) trending above $104,000 as of May 13, the debate over whether to buy or sell the world's top cryptocurrency is as vibrant as ever. With a highly uncertain cocktail of economic, political, regulatory, supply, and social factors, this coin is being buffeted by headwinds, tailwinds, and crosswinds from practically every angle, and even as some of those subside, others are blowing harder.But there are a few main narratives for both bears and bulls. Let's examine those in closer detail so that you will have a compass for your own investments during this turbulence.The main argument for selling Bitcoin right now is that its price is unsustainably high given the bearish macroeconomic picture in the U.S. This is the result of the ongoing global trade tension, as the U.S. considers implementing wide-ranging tariffs on almost every country, including the country's most important trading partners.Continue reading
With Bitcoin (CRYPTO: BTC) trending above $104,000 as of May 13, the debate over whether to buy or sell the world's top cryptocurrency is as vibrant as ever. With a highly uncertain cocktail of economic, political, regulatory, supply, and social factors, this coin is being buffeted by headwinds, tailwinds, and crosswinds from practically every angle, and even as some of those subside, others are blowing harder.
But there are a few main narratives for both bears and bulls. Let's examine those in closer detail so that you will have a compass for your own investments during this turbulence.
The main argument for selling Bitcoin right now is that its price is unsustainably high given the bearish macroeconomic picture in the U.S. This is the result of the ongoing global trade tension, as the U.S. considers implementing wide-ranging tariffs on almost every country, including the country's most important trading partners.
