Yesterday, Bitcoin has reached $18,000, which is close to the previous 2017 ATH. It shows the importance of Bitcoin after ATH in 2017, then suddenly collapsed, and is now back to catch up and even surpass its ATH. Bitcoin is indeed valuable, and the demand for it continues to grow. Some large companies are now adopting and allowing the buying and selling of cryptocurrencies like Paypal and Square. Now, not only big companies but also millionaires want to buy and use cryptocurrency. I think nothing can stop the continued growth of Bitcoin adoption.
The sudden price spike can be largely attributed to Bitcoin's massive rebound this year. The digital token grew 160% year-on-year, and its trading price on Monday was approximately $18,632, close to a three-year high.
[/quoteThe recent growth of altcoins has not been as fast as in 2017. Many people talked about the 4-year bull market cycle, and it seems that this is still the beginning of the next big bull market trend. When the price of Bitcoin is very stable, this may be a signal for Bitcoin traders to send out alternative currencies I have watched it many times.]
In the past few days, everyone is very happy, the market is green, Bitcoin is making it more interesting and meaningful, but, just like the cryptocurrency market, there will be a corrective correction, where the price Will fall, just like you, I don't do it. It cannot be regarded as a threat, but as a market reaction. However, when asked whether the bull market will last forever, I think no one can answer this question, because no one can predict anything.On the other hand, regarding the possible threats Bitcoin may face, I think it will still come from the government. The reason is that market sentiment and sentiment are always there. Once the government says anything unfavorable to the market, people will respond to it, and the result will be seen in the market. Finally, there is no way to ban Bitcoin now because it has grown so much, so precious, so powerful and not controlled by the government.On the other hand, regarding the possible threats Bitcoin may face, I think it will still come from the government. The reason is that market sentiment and sentiment are always there. Once the government says anything unfavorable to the market, people will respond to it, and the result will be seen in the market. Finally, there is no way to ban Bitcoin now because it has grown so much, so precious, so powerful and not controlled by the government.