I'm new to crypto and this forum. I've read that there are alt seasons and now is the the time. From what I'm seeing the general public is just becoming aware of it from the main stream media and business channels. In the USA there is 1 ETF that I know about -GBTC and it isn't a good one. So, that mean joining an exchange which is a pain and has a learning curve.
Goldman Sacks has a fund for its wealthy investors.
So, I see a lot of USA people coming into the market slowly for now and more as ETFs are approved.
To me this means that Alt season will be all year round for years to come.
In the longer term it could mean that less money goes into stocks.
I have a philosophical or analogy question as it relates to the starting/adapting of the internet and crypto in general.
Looking back, generally, in the mid 1980s 'geeks' and early adaptors were into the internet. The general public might have heard about it they did not use it, nor did they know the implications of it to change commerce and society. It was not easy for them to access - needed a home computer and internet access. At that time there were many there were many companies and technologies starting, many of which we can see in hindsight did not survive. There were also many people pumping and dumping the stocks of those companies.
I can see similarities now with the mid 1980s. But, now the public is just beginning to get involved with the easy access to exchanges like Robinhood and Coinbase. Also, ETFs are starting outside the USA and applications submitted in the USA. And, the pumping of some crypto is there too.
Am I correct with my thinking? Crypto is about to take off? Are we in the mid 1980s phase or are we in the mid 1990s or late 1990s.
I currently have 8% of my invested assets in crypto. BCH BTC ETH Atom