After saying it's not a legitimate asset class last year, this year Goldman says they are selling it to clients

Funny how a pandemic and a thousand percent price gain can change people's minds!

Last year in May, Goldman Sachs was pretty negative on bitcoin, saying things like this:

(Source: https://twitter.com/DocumentingBTC/status/1377248694412701696/photo/1)

Then a pandemic and a massive surge in the price of bitcoin happened...

Fast forward not even a full year later and we are seeing things like this:

(Source: https://twitter.com/DocumentingBTC/status/1377248694412701696/photo/2)

From hating it loving it in less than a year, my how things change quickly with bitcoin...

Keep that in mind when you read any negative opinions on bitcoin and it's longevity currently, their opinion can always change. :)

On that note, bitcoin is looking like it's ready for the next leg up.

I suspect we break $62k within the next week or two.

From there, the next stop should be around $80k-$85k before any kind of significant correction based on what it did back in 2017 in terms of corrections and surges.

STEEM continues to be strong like bull as well, even in a tape that is mostly weak for other altcoins:

(Source: https://coinmarketcap.com/currencies/steem/)

The price is currently holding strong around $1.20, which is pretty awesome considering it was trading around $.60 just a week or so ago.

We may cool off a bit here soon, but over the medium term I think we are heading to $4.

Buckle up!