This is the biggest opportunity for anyone to buy BTC. BTC has an inflation rate lower than gold and it will continue to drop after the next halving and future halvings. I am forever grateful to be in this space. I am a step ahead.
The price of bitcoin dropped from $69,000 to $16,000. This is a very strong drop in the price of bitcoin.
That is why it is the best time to accumulate Bitcoin. Just think of this, today is 2022, the current price of Bitcoin brings us back 4 years ago when price of Bitcoin is around 16k before it rallies to $69k in 2021.
However, are there any fundamental reasons for the fall in the price of the first cryptocurrency?
Certainly, there are some reasons...
Recently, the pressure of state regulators on cryptocurrencies (and bitcoin, in particular) has increased. There are accusations against Bitcoin that the impact of its mining on the global ecology is negative.
However, such accusations are largely manipulative in nature. Bitcoin is a very promising financial asset. This decentralized protocol for the transfer of value in the virtual space is of great fundamental importance for all of humanity.
Therefore, in the long term, the price of Bitcoin will rise. Right now, in my opinion, is a good time to invest in Bitcoin.
The reason behind is the several centralized crypto company getting bankrupt and the recent FTX bankruptcy just pull a huge influence on the already bleeding market of Bitcoin.