If you haven't told your retail friends to fomo all of their extra money into crypto, they're about to lose their opportunity to buy in at a top and get dumped on. You should be telling them all about this wonderful industry and getting them to pump your bags.
Bitcoin just tapped $61k USD while ether jumped ahead of its all time high, briefly touching $2200 USD. The total crypto market cap is at $2.1T. Regulators are sick watching people they didn't approve of getting rich. I'm telling you, privacy is about to kick off in a big way. All we need is a catalyst. Maybe it will be the Arthur Hayes case, because we all know the government is going to try to be extra with him because he's a black man kicking their ass. (Case in point: No one's even talking about the white guy co-founder who got arrested.) It will backfire. If they pull some retarded shit on Hayes, it will kick off a new era of crypto fundamentalism.
I'm also waiting on the headline "$1.76B Leveraged Longs Liquidated Over the Weekend." It never fails to amuse me how many people get caught trying to get rich in 2 minutes FOMOing in on breakouts. (Noobs, that's why you NEVER listen to trade alerts. The only thing they're "alerting" you to is an opportunity to get dumped on.) This would be like the 3rd time this has happened in the past 30 days. I'm happy for it, because it keeps dumbassery out of the deeper crypto market. Once those idiots lose, they either leave crypto alone or go do research before coming back. That's a good thing. More intelligence makes the space better.
The Binance Smart Chain continues to be the place to make money. But you should watch for really big pumps with the CFTC hanging over CZ's head. You can bet that if you get a BNB $600 in the next few weeks, regulators will step up their assault on him (because he'll be getting richer too fast). That would mean a huge dump following the huge pump, which is natural behavior for any asset, really.
We'll see what the weekend brings. Good luck to you all. Protect your crypto and start making plans to power yourselves up politically.
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