It has been a rocky ride for crypto investors since the beginning of this year but fortunes may be changing soon as a slew of good news as recently hit the crypto world. First, ultra-luxury platforms in China have given rich investors a way to spend Bitcoin to buy things like Rolls-Royce cars, Lambos, rare artwork, and other expensive items. Second, Litecoin has acquired 9.9% of a German bank, third Blackrock Funds has expressed interest in the cryptocurrency market which may bring in millions of dollars, and fourth South Korea has given the green light to 12 cryptocurrency exchanges. All of this has led to a 1000 point increase within the last two days for Bitcoin and it feels like there is more to come. We may very well hit or surpass last December’s high sometime by the end of this year.
