We can see the new surge of bitcoin in crypto market . It exceed $10K again and I believe many are earning now especially those with holding during the downtrend of bitcoin. But,to what extent bitcoin will raise more today?
Do you think ,what happened last 2018 will happen again this coming months?
What are the reason behind the rise of bitcoin?
Edit: Sorry for putting a wrong number on the value of bitcoin, I didn't mean it. It is just above $10K and not $500K.
I wrote this topic just for discussion in order to know the opinion and knowledge of everyone.
We recently received several information signals:
1) Iran plans to use bitcoins to circumvent sanctions
2) Okex cryptocurrency exchange's bitcoins have been confiscated by the Chinese government
3) Russians will have to declare all their bitcoins by April 30, 2022.
I made the following conclusion.
States view Bitcoin as a strategic resource amid the crisis in the global financial system. This is why the price of Bitcoin is going up. Large investment companies also want to become bitcoin holders.
In the next decade, to have power, you need to own bitcoin.