$BTC MOONSHOT while others dint perform equally well....
I have many times seen people asking in comments section why BTC took a MOONSHOT while all others haven't moved much. EVEN ETHER hasn't equally done well
WHY ONLY BITCOIN SHOT UP and others dint?
THE ANSWER IS...
BTC has an etf approved to its name and large institutions are for now only interested in accumulating BTC.
HAVE YOU HEARD any large institution investing billion dollars in my other currency ?
THE MONEY THAT HAS FLOWN INTO BTC WILL REMAIN IN BTC. If at all money will move out of BTC when the large institutions sell, the money will again be converted to USDT or USD not any other crypto.
When we talk about money coming in other cryptos from BTC... THATS just large retail or small retailer money not the big bucks.
If this phenomenon continues we can see BTC at unprecedented valuations while others just merely performing.
