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?
As for me, my investment has just begun. I have learnt from my past mistake.
According to me and also anyone else that's been in crypto market will say that that's not gonna happen. Cause at that price a lot of people Will Buy So much Btc or Bitcoin will go to Zero cause that's so much less price that can't happen my mean One in million Chances.
There are many reasons behind this cause there are so much big influnetial and also company that cannot risk their money to go too low so that also they do not want new people to get so much big opportunity. Let's see what will happen in future.