Bitcoin proponents discarded fresh criticism from gold bug Peter Schiff this week after he suggested the cryptocurrency was losing popularity despite its price rise.
I am not sure how bitcoin will loose its popularity when it is a new market and majority of the people are aware about the new market simply because of its price movement, if you look at the entire financial market you will not find a better performing asset than bitcoin in the past six to eight years and if any cannot see the niche here then no one can help them, any person who invested money in any financial asset has to know about bitcoin even if they have not invested in it.
People will see how strong bitcoin grows in this year, and that will make them open their eyes to follows them to invest in bitcoin. Bitcoin will not lose popularity even it will get more popular in the future. People who lose their belief in bitcoin will regret by selling their bitcoin too early, and that will make them hard to buy bitcoin again because bitcoin price will at a higher price than now. We need to be more patient to wait for bitcoin price can be back to the higher price.
Most definitely the high price we are looking for will be seen by the end of the year.
Bitcoin is not slowing down, it's still recovering and in fact in just a few days we are back at $12K now, and just like it's previous price trends, Bitcoin makes a new high after recovering from every big correction and I feel this time time we will be heading over $13K which is the high this year.