Hey all, I was just wondering your opinions on whether bitcoin has hit its peak already at around $20,000 or if you think it will break even higher in the future? I know theres been bitcoin retraces of up to 80% before before it has risen a load again but Im not sure that bitcoin hasnt got the functionality that the price suggests.
I believe that bitcoin has so many great potentials: It could become the mainstream currency if given the approval world wide. It is very timely, to day in our modern world need a technology such as this that is fast, safe and would not cost us a big amount on the fees. In the regular bank transactions it has so many hassles and it takes longer plus the fee are over charged. Bitcoin is people power. Nobody can control it. This one here is the most common reason why the government could not accept bitcoin easily because they could not trace the transactions and they lost the mandate over such. So in short if bitcoin will be approved by the government then at that people will not hesitate to invest and by then it can really reach its peak value in the market.