After another holiday weekend, we have once again started the week with a huge rally in Bitcoin.

Across the board, the major cryptocurrencies are rallying strongly and pressing higher. BTC is pushing towards the $35,000 level, ETH has retested the $1000 level, while LTC is back above $150. XRP remain well off the pace and will likely not see any upside.

What we are seeing here is money flowing towards the likes of Bitcoin, in the same way GOLD used to be the go-to safe-haven from years gone by.

Previous generations grew up in an era where the monetary system was based around the Gold standard, so it made sense that in times of crisis, people moved their money into physical gold. Unfortunately, gold is not what it used to be. These days gold is heavily taxed and difficult to store or transport.

As the broader population quickly loses faith in the Government’s of the world and as more people wake up to the fact that their freedoms are being destroyed, younger generations are now moving towards cryptocurrencies as the new safe-haven.

In January, we have arguably the biggest month of politics that we have seen in our lifetimes as Congress meets to determine the outcome of the US election. It should come as no surprise that as the dirty laundry begins to finally be aired publicly surrounding the widespread voter fraud and the fact that no court in the US has even heard one piece of evidence, that distrust in government and the entire system is growing.

What this means for traders is that we should expect to see upside ahead in the Bitcoin and even in Gold, which notably has opened the week above the $1900 level.

Can these big moves be sustained long term? I highly doubt it. But as traders, we should continue to ride the boom to the upside. Just be ready to quickly cut these trades when the bubble ends. We saw what happened last time around and I fully expect to see a similar pattern this time. Massive run up and boom, followed by an equally big bust.