btc reflection and the market moving forward

My last post on this blog was around the time Covid really began taking its toll globally, and I encouraged my readers at the time to consider investing a part of their portfolio into bitcoin. On the day I published that post, bitcoin was trading at $8900, and it has not gone below that price since. BTC traded at $12k within 3 months, $18k within 6 months, $40k within 8 months, and peaked at approximately $63k inside a year. This week it hit an ATH of $67k.

Without doubt, BTC has had its share of volatility and anyone who doesn’t have the capacity to handle the disgusting downswings should avoid trading it. I still think BTC has room to grow, but I’m also including a portion of my portfolio towards ETH.

A stock market crash is inevitable at this point (unless we see some significant structural changes) so I’m refraining from becoming too invested in any particular stock. Set and forget in VOO or VTI, and long semiconductor ETFs (TSM/SOXX & INTC at <45). If you’re a highroller you can take a chance on cannabis which has taken a hit and may have upward movement with Dems trying to move legislation forward. Also consider mining ops like GDX and green energy.

Obligatory I’m not a financial advisor and do your own DD.