What’s is the world coming to?

I was speaking to some older family members over the course of the week, during most of our conversations we tried to find creative ways to invest during this time. At one point, I mentioned that this pandemic and economic decline is something I have never witnessed. They always laugh and say “Jamal, you’re only 23, you have a lot more to experience”. I’ve come to learn that this is unlike anything we’ve ever saw.

Halving Week 1 

Last week we saw bitcoin hit a high over $10,000, of course many technical traders were expecting for that trend to run into this week. From Saturday to Monday there was a sharp decline in the bitcoin market. For those three days I tried my best not to look at my account.  Unfortunately this week bitcoin fell to $8,500. Though up about 35% this month, if you hold and keep faith, expect to profit. 

Now, when we compare bitcoin to the S&P 500 bitcoin had a 3.4% gain this week, while the S&P 500 fell 1%.

Within my portfolio of other cryptocurrencies, I saw about an over loss of 4% this week. Times don’t last only tough people do, right?

Do you think Bitcoins price will continue to rise?

Let’s see if the 2020 bitcoin halving will have a greater impact on the price of bitcoin.