The new rise of Bitcoin

What does the future hold for Bitcoin??? Will Bitcoin Cash become Bitcoin??? Will we see a day when Bitcoin is $50,000??? Is investing in Alts just a waste of time???

I think I should start by saying that this is not financial advice, do your own research and blah blah blah. That being said, I’ve been a Financial Adviser for 11 years and I believe it does give me a different view of crypto than most. I am going to cover a few thing that are going through my mind as I move large sums of Fiat into crypto.

Bitcoin - What an amazing month we have seen. Fork on, Fork off, Bitcoin Cash attack and something called Bitcoin Gold. CME have announced that they plan to launch Bitcoin futures, this will potentially open the door to ETF’s. If that happens, then Moon, Rocket and Lambo pics will be plastered all over social media. The next few months are key to BTC and could launch this crypto for the next phase of growth. $50,000? Maybe.

Bitcoin Cash - We have seen the Pump and Dump of this Alt coin and the markets as efficient as they are have decided that BCash is not Bitcoin. We saw miner move to the crypto, but once the FOMO whore off the coin began to dump. I believe that there is a place for BCash in the future. Bitcoin will remain the gold of crypto, but with its high charges and slow confirmations, maybe BCash could be better for retailers. Before you start shouting “What about Litecoin, Dash and Ripple?” Well none of these have Bitcoin in their name, which I feel will impact on their adoption.

Alts - there are some amazing projects out there. KNC, OMG, ICON, LISK, ETP and many many more. With more people coming to the world of crypto, these projects will be in demand. You should focus on diversifying your portfolios, but not getting too far away from BTC. This is my portfolio breakdown.

Bitcoin 35%
Platforms 35% e.g ETH, LISK, NEO, ETP
Projects 30% e.g BQX, HDG

Hope you found this helpful and long live the crypto.