"...more people will come into crypto..."
That's definitely going to happen, for sure. Crypto is changing everything.
Unfortunately, right now all of the cryptos are "joined at the hip" with Bitcoin. As BTC goes, so they all go.
But there is starting to be some divergence, which is a very good thing. For example, BNB (Binance coin) seems to move the opposite direction of BTC, but not always. Hence, the rise of several "Stable coins" that closely track the USD and will provide a supposed "safe harbor" when BTC decides to take a crap, as it always will sooner or later. The market is still a scary place for many investors, but speculators/traders seem to love it the way it is.
I have been into crypto for about a year now and I have learned a great deal just by observing and, of course, reading 20K+ words a day. Doing the DD (due diligence)and understanding it, is not all that easy.
What I am most curious about is what makes Bitcoin move the way it does. Because no matter what coin you might be invested in, you have to watch BTC for the next big move.
In my opinion, this latest move in Bitcoin was driven, in large part, by Brexit. It was supposed to happen tomorrow, Friday. By looking at the daily trading volume over the last few weeks it seems that there has been a big volume increase in Europe as Brexit comes near. Perhaps some panic buying. Hence the rally in BTC a week ago.
Now, this morning, The European Union has extended Brexit to October. So the crypto buying pressure in Europe is suddenly removed and Bitcoin takes, yet another, crap.
So what will be the next world-wide event to make Bitcoin jump?
Curious traders want to know...
Good Luck...
