Cryptocurrency update – Price move updates and a new financing mechanism using Bitcoin
Ryan Wilday joins me for a quick update on the recent Bitcoin price action. He shares his targets for the cryptocurrency after the recent pop close to $12,000.
We also discuss the developments in the decentralized finance area (DeFi). Holders of Bitcoin can now lend out their cryptocurrency and utilize the decentralized networks supporting cryptocurrencies. This is another move toward decentralized financial markets that could play a big roll in our lives in the future.
Click here to visit the Elliot Wave Trader site and follow along with Ryan’s technical outlooks.