This week has seen a massive rise in the price of #crypto and bitcoin in general and many pundits are claiming that we may see a $100,000 bitcoin this bull run. But is this possible? And if it is, what will it mean for Alt-Coins?

Firstly, the bull to bear indicator is showing that people are more bullish than ever. This may mean that you may want to start to take profits, as it may quickly change to a greed / bull indicator within hours. Conor Kenny, a crypto analytic, with over 106,000 youtube subscribers said that he will dollar cost average into the market. 

Next let's look at the % of the population in crypto. It's almost nothing. The last figures shows about a 3.9% of the population own crypto. This is nothing, and if we ever get to it being more mainstream, then we can see the total MC skyrocket, and this has already started to happen, as we have seen El Salvador become the first Country to make Bitcoin legal tender. We also have popular meme coins which have been getting a lot of media and social media attention, with many new crypto investors making their purchases on meme coins, such as Dogecoin, Shiba Inu or Hoge Finance. While this may make some upset that the market is becoming increasing popular with new meme coins, it is defiently getting new people into the market. We have also seen crypto exchanges partner with some pretty big people and coorporations. Recently, coinbase launched a campaign with Mr Beast, the largest Youtuber and crypto.com and binance have partnered with some of the biggest spots teams and competition out there. 

Overall, things are looking bullish, and I know we will see that $100,000 one day.

It's a matter of when, not if.

Bitcable.news Freelance Reporter