Supporters believe that investors believe that Bitcoin is an effective tool for hedging inflation in the context of global central bank releases. Opponents believe that investors are chasing Bitcoin too fiercely, and a speculative bubble may have formed. Do you think Bitcoin crash is an opportunity to enter the market?
Indeed it is! But it all depends on an individuals risk taking appetite. There were people back in 2017, who though 20k was too expensive for them to get into bitcoin market as they though the price is going to drop soon and never come back. Now in 2021, the price is standing at 39k and we are considering it as a crash. Now think how much money they could earn if they got into bitcoin at 20k level. It's all about time. Now they can't get into bitcoin at 20k. The opportunity is gone!
From the past trend, bitcoin has a cycle of 5 years where it reaches its peak and then come down to a certain level and then go back up. This is what is happening if you look at the chart of bitcoin carefully. So for me, it is indeed a good opportunity to buy into bitcoin now.