Did we just turn the 1 trillion dollar resistance line into support? Hell YEAH!
With ETH pushing above its old ATH, we're clear to set some new All Time High in total market cap.
I love it when BTC, ETH and alts all pump together! Feels like Christmas. This shows that there is a lot of interest in crypto currencies because with the latest fiasco on Wall Street (see GME saga) there is one key take away from that:
Decentralize finance (hello ETH ecosystem) and crypto currencies are the future! When Robinhood stopped traders from buying GME stocks that settled it.
Decentralized finance and crypto overall is the solution to such censorship. There is no way to censor a decentralized exchange where traders can exchange tokens or in the future stocks from their cold wallets (like ledger). This means total ownership of your assets with no middle man to stop you from trading. How can you say no to that?
Many people on twitter started posting that "now they understand the value of Bitcoin" after they saw what happened to the GME stock. Well, hello. Welcome to 2008, took you a while. Bitcoin removes the middle man, hell, most crypto currencies remove the middle man. This is called financial freedom. Why need banks when you can be your own bank... why need a bank loan when you can take a loan using a smart contract... why settle with a clearing house when you have blockchain technology?
My point... the crypto market will grow exponentially and this will not stop any time soon. Enjoy the ride.
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