Facing a new weekend, Bitcoin is at a higher price than it was at last Friday. In between it has broken its All Time High, several times, had several corrections, and in my view, is in a very healthy position. I still think it will reach unheard of heights this year. The crypto market cap is still close to 3 Trillion USD.
I read an article where a guy explains why Bitcoin and crypto in general is worth nothing and will eventually flutter and die when people just stop being fooled by a computer code that has nothing backing it. The problem with this is that I have read basically the same thing for many years, and it seems that whatever happens Bitcoin always comes back.
Now I think what happens is that people are ready for something like crypto and that is why instead of dying it has spurts of incredible growth. Maybe most people have just lost trust in governments handling their money. Is this a good thing? I have no idea, what I do know is that every day things I thought would never happen, happen. So for all I know maybe eventually the crypto concept will take over all monetary transactions.