Stocks have taken a beating in recent months. But one asset class has stood out among the rest – bitcoin (BTC). The world’s largest cryptocurrency has outperformed other assets by a mile here in 2023. And in the past three weeks, a plethora of bullish headlines has pushed the coin up more than 30%. So on this episode of Making Money With Matt McCall, crypto expert Scott Melker joins Matt to break down the latest action in the sector.
The big story propelling cryptos is the potential approval of a spot bitcoin exchange-traded fund. Scott shares his view on how likely this approval is and what it means for bitcoin trading in the future. Plus, he gives us his thoughts on Ethereum (ETH) and reveals the names of a few small coins that have been outperforming bitcoin recently. This is a must-watch episode for anyone who owns bitcoin… wants to own bitcoin… or has any interest in learning more about the crypto space.
#investing #stockmarket #bitcoin #crypto #inflation #gold
00:00 Scott Melker Introduction
3:24 What’s Driving the Latest Bitcoin Surge?
7:04 Bitcoin Spot ETF
10:08 Bitcoin Outperforming All Other Asset Classes YTD
12:43 ‘Buy the Rumor, and then Buy the Dip After the News’
17:41 The Next Bull Market Crypto Cycle
19:33 Alt Coins Relationship to Bitcoin
26:47 Bitcoin as the New Gold
29:33 Scott’s Investment to Own for Next 10-Years
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