At some point I am really messed up and lost in vein when it comes to bitcoin's price. I think that every second it gets more and more a victim of speculation and gets abandoned from its original idea.
If bitcoin could perform very well at 6K some months ago, why it become 60K after some months? And then it went back to 30K but was still functioning very smoothly, i.e. it was doing the job it was created for.
Again, If bitcoin could perform well at 30K some weeks ago, then why it worth 60K right now? I just don't get it when people say that bitcoin isn't speculated and all of these prices are just natural.
What is the reason behind that its not become natural ??Its actually market created price .I think it is increasing for its value and its creating by the whole crypto trader and investor .It is become more popular to the world and the price is really not speculative .We all know that crypto is a high volatile market that's why we love it cause we can get more return within short time .So the price is follow with our intention as well .Btc is a asset so that it will be unstoppable in the future .The price already proved to you that why is not speculative .Now its around 60k even after a huge drop and starting recover as well hope it will be huge future .