The crypto space is taking a breather after the recent sharp run. However, DagX senior trader John Todorov recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend. Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003.
In other crypto-related news, French high school students will now be taught the basics of Bitcoin and its effects on the French and global economy. This suggests that the government is gradually accepting that cryptocurrencies are here to stay and the best way to approach them is to arm the next generation with the requisite knowledge.