Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: The Number Of Bitcoin Millionaires Doubles In 2023
by
Fiatless
on 16/04/2023, 17:08:55 UTC
⭐ Merited by fillippone (2)
Without even looking closely at data or economic analysis Bitcoin has indeed made many people millionaires if not in dollars it could be in their local currency. If bought 500,000 dollars worth of bitcoin when the price was $15,000, you are already a millionaire because the price is almost double. But it is good to see that people are getting a profit from their investment in Bitcoin. It could also attract more people to the bitcoin sector.
Bitcoin price hasn't reach ATH yet,which will come up at 2025 after bitcoin halving next year April,2024 from analysis. Bitcoin price will still dump below 30k,which makes it not ATH. There must be an halving event before ATH,this makes me think that the author of this article doesn't understand bitcoin movement and cyclic,that it is historical.
All this analysis is based on projections by different bitcoiner that seems to have understood the market movement of Bitcoin. But from my little observation, the price of Bitcoin is unpredictable so nobody can claim mastery over the sector. It is affected by global economic and political events and these events are unpredictable. So I have decided to accept the movement of the market the way it works out because it can not be perfectly observed.