Bitcoin has gained so much popularity and recognition in the past few years that it rose from nominal prices to almost $69000 in 2020. It however gained hundreds of billions of dollars in capitalization over the years. The situation has changed with both appraisals/approvals and backlashes on the cryptos by some countries, especially government officials.
Inflation is another problem, and they have successfully caused Bitcoin to remain at lower levels compared to its all-time peak of almost $69000. Its market capitalization today is a little above $454 billion, which is still a good value. However, in events that more backlashes and higher inflation negatively affect the crypto some more and finds itself at about $1000. What would be your reaction? Will you turn your back on Bitcoin or has your investment just begun on it?
If I could increase my own awareness of Bitcoin then i don't think Bitcoin will ever hit $1000 again. Because a conscious citizen understand about Bitcoin and its potential. They think of Bitcoin based on its uses, not just as an investment tool. When its use increases, the investment will be profitable. And those who consider this subject only as an investment with little knowledge are always afraid because of which these questions arise in them.