BULLISH CRYPTOS

WallstreetBets, Robinhood and Gamestop, and the stock market craze is bringing a lot of attention to cryptocurrencies in the benefit of cryptos versus the stock market.

Buying demand in the crypto space is at an all-time high; the search term per crypto is at an all-time high in Google search. Many people are looking to buy a cryptocurrency, and there is a lot of buying demand.

Crypto platforms are backed up on sign-ups; this means that when these accounts get approved, more buying pressure will be trickling in weeks to come.

Pump groups have been pumping many coins lately; for example, Dogecoin went up by 800% in one day. This leveled up a lot higher than where it started, and Dogecoin can be used as a currency; it has value. This coin pumps anytime it gets a major social media mention from Elon Musk or WallstreetBets.

There has also been a lot of bullish news in the crypto markets; Ruffer turned Bitcoin investment into a $750m profit in two months. Many institutions are going in heavy on cryptocurrency. They see massive returns very quickly; Microstrategy has invested over a million dollars worth of Bitcoin. Their stocks for their company have gone up by over a hundred percent because they have done so well on Bitcoin and investment.

Many institutions are looking into crypto and bitcoin; they wait on the sidelines for the volatility to die down. Institutional demand will continue to rise this 2021; simultaneously, we have retail demand peaking right now, as we saw by crypto search term at an all-time high. These are just very bullish. Everyone is getting into crypto transactions; there is a rush of demand.

Everything going on in the stock market and the Gamestop stocks are just revealing how rigged the stock market is, and this is bringing a lot of attention and a flood of new investors to cryptocurrency for the first time.

Corporate buy-ins could take Bitcoin price over $500,000; Grayscale may also jumpstart the next phase of the crypto bull run tomorrow. Bitcoin bulls target $40,000 as Friday's $1B BTC options expiry approaches.

From the look of things, Bitcoin is going to test $40,000, and Ethereum will test $2,000 sooner than later.