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Welcome to Uphold’s Up of the Day. Please note, this is NOT financial advice.

Do U.S. financial institutions know something we don’t?

The financial markets have shown remarkable resilience, especially digital assets. Bitcoin has seen a 50% increase since its recent bottom, with some altcoins experiencing tremendous gains.

Additionally, the recent release of the White House's roadmap for a cryptocurrency strategy seems to have been taken into account quite well.

There’s strong evidence of participation from both retail and institutional investors, with 85% of US financial institutions reportedly buying or holding cryptocurrencies, which is a very positive sign of market confidence.

That being said, make sure to be careful, manage your risk, & most of all, do your own research.

See you tomorrow 👋

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Uphold's Up of the Day - January 30, 2023

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