Post
Topic
Board Bitcoin Discussion
Re: Is the current bitcoin price sustainable?
by
Tstar
on 16/02/2021, 21:19:32 UTC
It wasn't a surprise because bitcoin was close to $50k price for a couple of weeks but will it be stable there ?

During the next week will the price be heading downward because of sellers making profits or is it going upward when the next price to generate media interest will be $75k ?

It's difficult work out if it's going to stay stable at $48k to $50k

It is sustainable because every day big corporations are announcing support or adoption.

Here is one of the interesting articles on the subject:

Morgan Stanley: Cryptocurrencies Here to Stay as Serious Asset Class, Bitcoin Making Progress to Replace Dollar

https://news.bitcoin.com/morgan-stanley-cryptocurrencies-asset-class-bitcoin-replace-dollar/

We may see some drops, but the price should rise in the long run.