Bitcoin, the most prominent and the pioneer crypto of the crypto industry created by Satoshi Nakamoto in 2008 is making headlines again all over the crypto world and social media by storm.

After hitting pass the 40,000 USD mark in price and still inclining strong recently.

Holders of bitcoin is currently having a significant nett positive profit simply by having it around. Many investors are trying to catch up with the positive trend by hopping in by either swapping or buying Bitcoin while the trend is still hot which further pushing the resurgence causing a very explosive momentum upwards. The highest that Bitcoin had ever been is 68,000 USD price mark. Which means there is a possibility that we will live to see Bitcoin reaches that height again or at least near that.

Bitcoin rising steeply showing the biggest movement seen in years

How does this affects other cryptos

As Bitcoin is one of the most commercialized crypto in the world with many holders from big investors to small investors. We can definitely also expect to see growth in other cryptos in the positive domino effect like LUNC which had increased by almost 300% in the past 2 weeks. So while Bitcoin is in the spotlight let us not forget other cryptos that prospers due to Bitcoin resurgence. The one coin that started it all.

Personal opinion

There's no doubt a crypto as big as Bitcoin will have a huge momentum in the market and bigger inertia once it starts moving due to millions of investors and transactions in it.

Which means this positive trend I believe will run for a good while even until a few years if no external sudden factors interrupts it. Simply due to how much participants is in it. But as the old saying goes. Don't put all your eggs in a single basket. Always manage your portfolio accordingly.