The Cusp of a Breakout

Friday October 30, 2020

Bitcoin enjoyed a 10% pop heading into the week on the coattails of JP Morgan calling a 10x move to the upside for BTC on the simple premise that it was the adjustment required to match investments into the boomer substitute: gold. This was followed by an announcement stating JPM Coin already in service commercially this week under Onyx- a business unit created to manage the blockchain and digital currency efforts staffed with 100+ employees.