Bitcoin hits new all-time high: What is the next catalyst?

says, I know you've been tracking crypto, uh, for quite a while. New record high for this, seeing that bleed over a little bit, not so much into Coinbase, for Robin Hood and definitely circle.

Yeah, most definitely. I mean, anything that is, uh, sort of crypto-related, especially when it comes to, um, Bitcoin, um, has been on fire this year. Um, Robin Hood, Coinbase, uh, anything that has crypto, uh, trading. So look, um, Bitcoin has been trading within this range of 10,000, uh, over the last couple of months. And and what analysts have been pointing out is it's becoming a less and less volatile asset. So this is certainly bullish, uh, for the asset. You also have, of course, uh, all the developments that have been happening with stable coin as well. That has been very big and the tokenization of stocks, that's been, that's going to be huge for the crypto industry as a whole. I'm looking forward to next week as well because, uh, Congress is going to have sort sort of the what's been dubbed the crypto week where they will be taking a look at three different bills that the, uh, genius act being one of them, which is at the house now after it was passed in the Senate. So that'll be interesting to see if this is the next catalyst that moves Bitcoin higher.

Jessica is, uh, highlighting some potential catalyst for another push higher in crypto. At this point, how much of one's portfolio should be allocated to crypto? And then off the back of that, do you think this will end badly for the crypto bulls? Nothing goes up in a straight line forever.

That's absolutely true. You know, that's a a personal risk tolerance. It's considered a riskier asset. It has a higher beta. It's good that there is less volatility within that security, but still it's a risk asset. So that the percentage of your portfolio depends on the amount of risk that you're willing to take. But regarding crypto and the self-directed space, I think there is something more under the surface that we're not really talking about too much, which is global access to domestic markets. We see this increase of 24/7 trading or 25 trading, and that's not necessarily for those night owls that are up in the middle of the night attempting to trade. It's more of foreigners accessing our domestic markets. But the best way for foreigners to do that, and they they can utilize US firms for this. And this is what the US firms are telling me is funding via crypto is much easier than funding via a US bank. So, as we have more access, the increase of 24/7 trading, the way to access those markets is through cryptocurrency, which creates demand, thus another tailwind for pushing forward.