Bitcoin is down considerably from it's peak. How low do YOU think bitcoin will go before it stabilizes?
I cannot give you the number but this correction has been expected. The rise of Bitcoin was tremendous and fast. It will have to retrace soon. This is it. But this does not mean that we are not bullish anymore.
The new incoming US administration has stated that it does not seek a weak dollar, will that be the deathblow to the future of bitcoin?
This is the US administration stating the obvious. No administration, whether incoming or outgoing, seeks a weak dollar. Who's crazy enough to say that they would want the US dollar to weaken?
But, wait a minute, how in the world is this connected to Bitcoin? Bitcoin is not exclusively a US alternative currency. The world of Bitcoin is not revolving around the US alone nor its economy or currency.
Even the fall of the entire US economy is not a deathblow to the future of Bitcoin.