The Gug Letter

The Gug Letter

Bitcoin falls to 31K

What factors are at play?

Joe Guglielmucci's avatar
Joe Guglielmucci
Jan 11, 2021
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In today’s walk Around the Block,

Bitcoin drops from 42K to 31K seemingly overnight. Now, this type of action might make newcomers feel as though they have to sell or risk losing it all!

Rule #1 you only lose if you sell!

But seriously, what are the factors at play here?

2020 was a massive year for crypto adoption in general. PayPal receiving crypto and a…

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