“In investing, what is comfortable is rarely profitable.” - Robert Arnott
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Bitcoin just hit a fresh new year high ($38.4k), and some continue to question the strength of the market. This week’s developments reinforce our thesis of higher prices. The DXY continues to show weakness, equities are hot, and we hit a new high despite CZ stepping down…
We are in a risk-on environment in which the likelihood of a deep pullback is fairly low and should be taken as an opportunity to buy the dip. Furthermore, altcoins are gaining strength as bitcoin’s momentum prevails.
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