Re: Market confidence in bitcoin.

I believe, against all the odds, bitcoin will finally "recover" to restore its high price, which will show that most people, even probably the haters, believe in it more than in any other coin. I might be wrong, or course, but time will show. Let's just wait and support each other in what we do Wink

A recovery has started already, what we do not know is how long this is going to last, there are very reliable rumors that the reason for this price increase has to do with the pending approval of an ETF and there are rumors the ruling could be positive which could be groundbreaking for the market and this will surely attract a huge mount of money to the market.

It could be, but recovery is the most what we need for now, though it's still raise little by little, everyone's love to see the green colour on the market. Hopefully it remains like this until the end of the year, so then the sadly thing that seen on market would end.

We are now in the mode of recovery of the price and sooner than later, we will see that there will be a faster recovery for the price of bitcoin when etf will get approved by the government because it will increase the trust of the people to bitcoin and it will just become the gateway of bitcoin to get more attention from the people and it will push the price to its limits.