Altcoin Daily crypto bull market strategy
According to Aaron and Austin Arnold, founders of the Altcoin Daily YouTube channel, Bitcoin (BTC) may experience a major correction around the April halving.
Still, the price spike was quickly bought by institutional players like BlackRock, who are deeply involved in the market after the approval of exchange-traded funds (ETFs) in January, he said.
Bitcoin recently surpassed its previous all-time high and reached north of $72,000.
The current rally appears to be driven by BlackRock, Fidelity and other institutional investors buying Bitcoin.
According to Austin, the recent rally caught many retail investors off guard because they didn't expect Bitcoin to rise so quickly to its previous highs.
“A lot of people are risk-averse. I think the institutions are doing their best to prevent that from happening,” he said.
According to his brother Aaron, the big difference between this and the previous bull run is that ETFs allow him to bridge the gap between the early adopters and the early majority by referencing the technology adoption lifecycle chart.
“Wall Street is in this period,” he said. “That's a big difference.
At the same time, most retail investors did not enter the market; This seems to indicate that we are still in a relatively bull market phase.
“Retail is not yet based on Google Trends on social engagement here for the most part,” Austin said.
To learn more about Altcoin Daily's current bull market outlook, watch the full interview on our YouTube channel and don't forget to subscribe!
