Things are looking lively again in Crypto, Bitcoin is well above $70,000.00, the overall market cap is above 2.7 Trillion USD, and most importantly the vibes feel good. Things did look bad for a while and I bet people were really nervous. I knew the halving had a lot to do with this. After all it just means miners have to work twice as hard to get the same amount of Bitcoin.
I am actually kind of surprised by this rapid come back, I was expecting prices to improve, but gradually and I really was expecting things to be at this level sometime around July. Well I was way off. Of course this could just be a freak event and prices go back down, but according to what I have read, in fact people who know are expecting ATH every week now,
This is good news for those who have held their Bitcoin as now they can reap their rewards. The question is, will a raid sell off of a lot of Bitcoin bring the price back down? This has always amused me, well it has actually puzzled me. How can selling off something like Bitcoin affect the price? Remember if somebody sells at a high price, somebody has to be buying at that high price. So why would the price suffer?
Of course I am an ignoramus in economics but as far as I know where there is a demand there will always be sellers, and more probable than not, prices will go higher. So, yes, I believe Bitcoin will reach new heights this year. Now if I could only get my hands on a few of these coins, I guess 10 would be enough for me.