I could not understand why there are those who are also in Bitcoin yet are predicting that Bitcoin can go as low as $3,000 or even $5,000 when a crash can happen soon. I am not saying that a dip -- a big dip -- will never happen but considering the things happening right now in the world of cryptocurrency, I don't believe that it can go as low as those figures.
Maybe if one day USA will decide to follow the footsteps of Japan in banning Bitcoin trading activities, then maybe it can be possible that Bitcoin can crash big time but even then it can still be able to recover fast due to people always waiting for an opportunity to buy Bitcoin cheaply.
Are you expecting Bitcoin to get so low once it crashed?
There may be some falls over a period of time, and that's quite normal, but do I expect a full crash nope. Why I am positive that USA shall never ban, Bitcoin is that the future's got permission from their regulator's, and since they have thier approvals and so much USA money involved in Bitcoins, I do not expect it to crash anytime soon or that USA to ban it ever. I would always say, buy on every dip, 40k is definitely coming.
When it comes to banning bitcoin, which is one thing that I am sure USA won't even do now. Nevertheless, if we are talking about an imminent crash, anything is possible. I am sure bitcoin is going to keep setting new ATHs but from the huge buys recently, and if it is not really a buy based on the adoption of crypto and just some set of investors who are just in for the profit, it should really scare anyone.