Hi everyone
I'm pretty new to all of this and thinking about buying some bitcoin.
I have some concerns about the world economy influence on bitcoin.
For example what if the US decides to put restrictions on bitcoin? will it have a chance to not fall apart completely?
do you think Bitcoin is strong enough at this point to be self-sustaining?
thanks for the help
Rapid movements of the Bitcoin price are common. Any investment can pose a risk, but the Cryptocurrency world and all the technologies it brings are not only beneficial to struggling economies but are also helping central authorities by examining inefficiencies within their financial system and is most likely to remain for many years to come. As an platform for innovation, Bitcoin is definitely sustainable. By creating something that is detached from government or regulating authority, it removed all control and so regulation will require a well-coordinated effort across several economies. This will be a difficult task however regulatory uncertainty can to be harmful to the Crypto markets but Bitcoin prices show patterns of improvement. With a global Crypto market cap sitting at approximately $1trn, acceptance becomes inevitable.