July Update
July Market Update
Our bear market has turned bullish. Some of the buzz we can attribute to The B Word, a Bitcoin focused event that featured a keynote conversation with Elon Musk and Jack Dorsey. There have also been reports of high value corporate investments, continued movement towards adoption from various governments around the world as well as transparent plans in place for many retailers to begin adopting crypto payment processing. Reporting shows that July was an accumulation month for whales and major corporations who aggressively bought the dip. More HODLERs are appearing in the market and, as a result, many tokens have recovered to their end of June levels and several, including BTC, have had significant increases this past month.
June Update
It all begins with an idea.
With the exodus of miners from China it was expected to see the overall crypto market cap dip. The encouraging news from this is that while the world lost 50% of its mining operations temporarily, BTC saw no interruption in service. This shows us that the technology was built to weather the storm of volatility and regulation. For those concerned with pricing volatility - we started this month in the low to mid $30k range and are finishing this month in the low to mid $30k range. Remember, we continue to concentrate on gains over the next 5-10 years rather than worry over day to day fluctuations.