Altcoin Daily’s Bullish Crypto Strategy

According to the founders of the Altcoin Daily YouTube channel, Aaron and Austin Arnold, Bitcoin is likely to experience a significant correction around the time of the upcoming Bitcoin halving in April. They believe that institutional players like BlackRock will quickly buy up any price dip. These institutional investors have become heavily involved in the market since the approval of spot exchange-traded funds (ETFs) in January.

Bitcoin recently surpassed its previous all-time high, reaching over $72,000. The current rally seems to be driven by institutional investors such as BlackRock and Fidelity, who are purchasing Bitcoin for their new ETFs. This unexpected rally caught many retail investors off guard, as they did not anticipate Bitcoin’s rapid rise to its all-time highs.

The Arnolds believe that the institutions are working hard to prevent a crash, as many people would welcome such a dip. The approval of spot ETFs has been a significant factor in Bitcoin’s ability to attract a wider range of investors, beyond the early adopters. This signals a new level of involvement from Wall Street in the cryptocurrency market.

Despite the current rally, the Arnolds point out that the bulk of retail investors have yet to enter the market. This suggests that we are still in the early stages of the bull market. They observe this based on factors such as social engagement and Google Trends.

For a more detailed analysis of Altcoin Daily’s perspective on the current bull market, you can watch the full interview on their YouTube channel. Don’t forget to subscribe for more updates!