Here's Why Bitcoin Might Be About to Make New Highs

The video discusses the recent rally in Bitcoin and its comparison to gold, highlighting Bitcoin's significant market performance and the influence of Facebook's Libra. It delves into Bitcoin futures, market resistance, and the importance of understanding risk and volatility in Bitcoin investments. The video also covers the increasing institutional interest in Bitcoin futures due to their regulation and transparency.

What recent development in the cryptocurrency world has contributed to Bitcoin's rally?

• The introduction of a new Bitcoin ETF

• A decrease in Bitcoin mining difficulty

• Facebook's new cryptocurrency Libra

• The launch of Ethereum 2.0

What does a breakthrough through significant resistance levels in Bitcoin's price indicate?

• A stabilization of Bitcoin's price

• A signal for a new high in Bitcoin's price

• A potential decline in Bitcoin's value

• A decrease in Bitcoin's trading volume

What is a key risk level mentioned for Bitcoin, below which it could be problematic?

• $10,000

• $20,000

• $5,000

• $6,500

How many Bitcoins does one control with a single Bitcoin futures contract?

• 1 Bitcoin

• 10 Bitcoins

• 3 Bitcoins

• 5 Bitcoins

Why are institutions increasingly interested in Bitcoin futures?

• Due to the high volatility of altcoins

• Because they are cheaper than buying Bitcoin directly

• Due to the lack of other investment options

• Because of the regulation and transparency they offer