Post
Topic
Board Speculation
Re: Elon Musk says the price of BTC will rise
by
bestcoins1
on 30/12/2022, 12:26:52 UTC
We long before Elon Musk made that tweet were very confident that Bitcoin would return to a much better price if the current price for some people considered not good. For us, we see Bitcoin not at a price but more than that, namely value. Regarding price, I personally still believe in the four-year cycle.
Price and value do have different definitions for something. And if in this case it's Bitcoin, it's clear Bitcoin still has both of those things at this point even though the price level itself is much different from last year. But Bitcoin still has the opportunity to improve better in the market so I personally still have faith in Bitcoin in terms of improvement.

Quote
If the current Bitcoin price is still difficult to break the number above $20K, just wait a few more years. $20K will be the initial support price.
From what is seen now in the market there is indeed a little difficulty for Bitcoin to increase to the $20K area, but a price level of that size is still very possible for Bitcoin to reach even though there is no sign for Bitcoin to increase to that area in the near future.