Ah, we had seen or experienced how BTC from the last few days reaching near its highest value and then in also a matter of days coming back down to these upper 67K+ levels and still we get some fear of it going down to lower prices. Well if we just again have to look in its past history, we will realize that in the long-term, Bitcoin is just rising up in value.
The reason being BTC is an deflationary asset in terms of supply and is being bought up every single day, some are lost, some are always collected and kept, and others are traded with the same goal of keeping some into cold and hot wallets and it adds a literal value to Bitcoin. That is why we should not fear in holding BTC because even though it would crash for that matter, it will soon pickup in price just like what happened when the pandemic hits, the price of BTC went so low that even people with money to buy it even doubted to buy BTC.
But BTC's price just recovered during that pandemic event crash because people's fear had somewhat faded-away and many realized that they should buy BTC because it is cheap. However not all really had realized on how BTC could reach the upper 70K price point until it crosses it in the early months of 2022. I am actually anticipating that Bitcoin's price would reach even higher prices if not for Putin's Ukraine invasion. Then the other subsequent crypto scandals just pined the price of BTC even more to make it reach the relatively low 15k prices, and then what happened next? it recovered again just like we saw from the past few days.
Again, the fundamentals of BTC is always on play and it is the factor on why BTC will just go up in value for the long term and even if it goes down in value, it is still a good news especially those that are wanting to buy cheaper. It is like you missed the bus but then the bus will go back to you and pick you up to make you get included in the next joy ride up.
I am quite excited on how the USA elections will turn-up in favor of "cryptosphere" because Mr. Trump is supportive of Bitcoin and cryptocurrencies and I am glad that he changed from not supporting to supporting it although the SEC and the FED has a major say in how things will go for our finances in general but it is quite much better of a major USA politician is supporting cryptocurrency for real.
So I am expecting like many other people that the sentiment for BTC alone will soon change into a positive light in terms of making the price of BTC in this cycle to continue in its bullish movement because USA market for cryptos really is huge compared to other nations especially with the BTC ETF catering on many big US investors as their customers. We just needed for BTC on this cycle to reach its predicted price of around 120K+ and then we will work it out from thereon. So if BTC would again fall down in value, I guess that many had already sold and looking forward to buying in the next accumulation years, the bear market, and so this amazing cycle begins again, hopefully for all our best interests and goals in our lives.
Photography device: Oppo A92
Camera Sensors: 48 MP Main Camera
Camera Mode: HDR
ᴀʟʟ ᴛʜᴇ ɪᴍᴀɢᴇs ᴀʙᴏᴠᴇ ᴀʀᴇ ᴄᴀᴘᴛᴜʀᴇᴅ ᴀɴᴅ ᴏᴡɴᴇᴅ ʙʏ @cryptopie 𝘶𝘯𝘭𝘦𝘴𝘴 𝘰𝘵𝘩𝘦𝘳𝘸𝘪𝘴𝘦 𝘪𝘯𝘥𝘪𝘤𝘢𝘵𝘦𝘥
Get a Free Blurt Blog Via Discord : https://discord.gg/DTFeUYUq
Join Blurt blockchain social media
